Aire Advisors LLC Sells 703 Shares of Amazon.com, Inc. $AMZN

Aire Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,168 shares of the e-commerce giant’s stock after selling 703 shares during the period. Amazon.com comprises approximately 1.2% of Aire Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Aire Advisors LLC’s holdings in Amazon.com were worth $5,549,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC raised its stake in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new stake in Amazon.com in the 4th quarter valued at about $27,266,582,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AMZN shares. UBS Group restated a “buy” rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Wedbush boosted their price objective on Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $262.87.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $231.49 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.47 trillion, a PE ratio of 35.29, a P/E/G ratio of 1.56 and a beta of 1.31. The business has a 50 day moving average of $221.70 and a 200 day moving average of $208.21. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.