Genesee Capital Advisors LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Genesee Capital Advisors LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,005 shares of the e-commerce giant’s stock after selling 289 shares during the period. Amazon.com makes up 1.0% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Genesee Capital Advisors LLC’s holdings in Amazon.com were worth $2,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC increased its holdings in 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 acquiring an additional 39,696 shares during the last quarter. Bearing Point Capital LLC purchased a new stake in Amazon.com in the 4th quarter worth $12,014,000. Evergreen Capital Management LLC boosted its holdings in shares of Amazon.com by 0.5% during 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 during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Amazon.com by 173.6% during the fourth 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. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.2%

Amazon.com stock opened at $225.02 on Friday. The company has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a 50 day moving average price of $209.90 and a 200 day moving average price of $208.49.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,100,000 shares of the business’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the sale, the insider directly owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock worth $1,531,840,610 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Westpark Capital reissued a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price for the company in a report on Friday, June 27th. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company raised their price objective on Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Finally, Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $249.42.

About Amazon.com

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.