Central Valley Advisors LLC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Central Valley Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,567 shares of the e-commerce giant’s stock after selling 3,006 shares during the period. Amazon.com comprises 1.5% of Central Valley Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Central Valley Advisors LLC’s holdings in Amazon.com were worth $3,913,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc grew its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com during the 4th quarter worth approximately $51,000. Finally, Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 2.1%

Amazon.com stock opened at $212.77 on Wednesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business’s fifty day simple moving average is $199.60 and its two-hundred day simple moving average is $209.07. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMZN. Royal Bank Of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Barclays cut their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Piper Sandler reiterated an “overweight” rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Jefferies Financial Group cut their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $245.64.

Amazon.com Company 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.