Aviance Capital Management LLC Has $334,000 Position in Amazon.com Inc. (AMZN)
Aviance Capital Management LLC reduced its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 40.7% during the second quarter, Holdings Channel reports. The institutional investor owned 467 shares of the e-commerce giant’s stock after selling 320 shares during the period. Aviance Capital Management LLC’s holdings in Amazon.com were worth $334,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC raised its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the period. West Oak Capital LLC raised its position in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the period. Perkins Coie Trust Co raised its position in shares of Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 150 shares during the period. Capital Asset Advisory Services LLC acquired a new position in shares of Amazon.com during the second quarter valued at approximately $205,000. Finally, Hengehold Capital Management LLC acquired a new position in shares of Amazon.com during the second quarter valued at approximately $214,000. Hedge funds and other institutional investors own 65.44% of the company’s stock.
Amazon.com Inc. (NASDAQ:AMZN) traded down 0.32% during midday trading on Tuesday, reaching $834.03. 2,950,314 shares of the company’s stock were exchanged. Amazon.com Inc. has a 12 month low of $474.00 and a 12 month high of $842.37. The firm has a 50 day moving average of $783.00 and a 200-day moving average of $714.39. The stock has a market cap of $395.39 billion, a PE ratio of 207.42 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The company earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. During the same period last year, the business earned $0.19 earnings per share. Amazon.com’s revenue was up 31.1% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com Inc. will post $5.82 earnings per share for the current year.
AMZN has been the topic of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $800.00 price target on shares of Amazon.com in a research note on Monday, June 6th. Oppenheimer Holdings Inc. raised their target price on shares of Amazon.com from $780.00 to $930.00 and gave the company a “buy” rating in a research note on Tuesday, June 7th. Citigroup Inc. reiterated a “buy” rating and issued a $780.00 target price on shares of Amazon.com in a research note on Tuesday, June 7th. Raymond James Financial Inc. reiterated a “buy” rating and issued a $770.00 target price on shares of Amazon.com in a research note on Wednesday, June 8th. Finally, Vetr upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $713.45 target price on the stock in a research note on Thursday, June 9th. Seven investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Amazon.com currently has an average rating of “Buy” and a consensus target price of $885.11.
In other news, VP Shelley Reynolds sold 625 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the completion of the transaction, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the completion of the transaction, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by insiders.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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