Ancora Advisors LLC Sells 452 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ancora Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 312,336 shares of the e-commerce giant’s stock after selling 452 shares during the quarter. Amazon.com comprises about 1.5% of Ancora Advisors LLC’s portfolio, making the stock its 12th largest position. Ancora Advisors LLC’s holdings in Amazon.com were worth $68,523,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after purchasing an additional 2,196,353 shares in the last quarter. Finally, Keyvantage Wealth LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $2,735,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMZN shares. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. UBS Group reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $203.10 on Friday. The company has a fifty day moving average of $189.89 and a 200-day moving average of $208.79. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 36.73, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. This trade represents a 27.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,996 shares of company stock worth $6,316,899 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.