Valicenti Advisory Services Inc. Acquires 514 Shares of Amazon.com, Inc. (AMZN)

Valicenti Advisory Services Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,648 shares of the e-commerce giant’s stock after acquiring an additional 514 shares during the period. Amazon.com accounts for about 7.2% of Valicenti Advisory Services Inc.’s holdings, making the stock its biggest position. Valicenti Advisory Services Inc.’s holdings in Amazon.com were worth $14,491,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Spence Asset Management raised its holdings in Amazon.com by 127.3% in the 4th quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 14 shares in the last quarter. Contravisory Investment Management Inc. grew its position in shares of Amazon.com by 112.5% in the 4th quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 18 shares during the period. O Brien Wealth Partners LLC grew its position in Amazon.com by 104.8% during the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after purchasing an additional 22 shares during the last quarter. Cordasco Financial Network grew its position in Amazon.com by 17.4% during the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after purchasing an additional 8 shares during the last quarter. Finally, Spirit of America Management Corp NY purchased a new stake in Amazon.com during the 3rd quarter valued at about $110,000. 55.96% of the stock is owned by institutional investors and hedge funds.

Amazon.com stock traded down $9.89 during mid-day trading on Friday, hitting $1,889.98. The company had a trading volume of 5,686,706 shares, compared to its average volume of 4,172,141. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The firm has a market cap of $930.49 billion, a PE ratio of 93.84, a P/E/G ratio of 2.16 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The business had revenue of $59.70 billion for the quarter, compared to analyst estimates of $59.73 billion. During the same quarter in the prior year, the firm posted $3.27 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 26.59 EPS for the current year.

A number of analysts have recently issued reports on AMZN shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, January 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $2,300.00 price objective (down previously from $2,400.00) on shares of Amazon.com in a research note on Friday, February 1st. Benchmark lowered their price objective on shares of Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, April 29th. Finally, BidaskClub upgraded shares of Amazon.com from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Amazon.com has a consensus rating of “Buy” and an average price target of $2,181.89.

In other news, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the transaction, the director now directly owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $1,934.42, for a total value of $4,836,050.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $19,344,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,075 shares of company stock worth $21,454,483. Insiders own 16.10% of the company’s stock.

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Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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