Aurora Private Wealth Inc. Sells 777 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Aurora Private Wealth Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,667 shares of the e-commerce giant’s stock after selling 777 shares during the period. Aurora Private Wealth Inc.’s holdings in Amazon.com were worth $2,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Sterling Financial Planning Inc. grew its stake in Amazon.com by 7.4% in the 1st quarter. Sterling Financial Planning Inc. now owns 2,306 shares of the e-commerce giant’s stock valued at $439,000 after buying an additional 158 shares in the last quarter. Davidson Trust Co. grew its stake in Amazon.com by 11.9% in the 1st quarter. Davidson Trust Co. now owns 6,877 shares of the e-commerce giant’s stock valued at $1,308,000 after buying an additional 730 shares in the last quarter. Goelzer Investment Management Inc. grew its stake in Amazon.com by 4.3% in the 1st quarter. Goelzer Investment Management Inc. now owns 52,467 shares of the e-commerce giant’s stock valued at $9,982,000 after buying an additional 2,153 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Amazon.com by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 80,347 shares of the e-commerce giant’s stock valued at $15,287,000 after purchasing an additional 801 shares during the period. Finally, Castle Wealth Management LLC boosted its holdings in Amazon.com by 4.4% in the 1st quarter. Castle Wealth Management LLC now owns 15,145 shares of the e-commerce giant’s stock valued at $2,881,000 after purchasing an additional 632 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 25,102,037 shares of company stock worth $5,674,871,223 in the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $231.01 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company’s 50-day moving average is $216.73 and its 200 day moving average is $208.97. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 37.62, a P/E/G ratio of 1.73 and a beta of 1.33.

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

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. Royal Bank Of Canada cut their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. DA Davidson cut their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. UBS Group reissued a “buy” rating and issued a $271.00 price target (up from $249.00) on shares of Amazon.com in a report on Monday. Finally, Mizuho cut their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.21.

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.