Columbia Advisory Partners LLC Has $1.18 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Columbia Advisory Partners LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,556 shares of the e-commerce giant’s stock after selling 184 shares during the quarter. Amazon.com comprises about 1.2% of Columbia Advisory Partners LLC’s holdings, making the stock its 14th largest position. Columbia Advisory Partners LLC’s holdings in Amazon.com were worth $1,183,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. Cooksen Wealth LLC bought a new stake in Amazon.com in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $43,000. Harbor Investment Advisory LLC grew its stake in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $46,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,338 shares of company stock worth $11,894,344. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $193.25 on Friday. The company’s 50 day simple moving average is $183.87 and its two-hundred day simple moving average is $173.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $199.84. The stock has a market capitalization of $2.01 trillion, a PE ratio of 54.13, a P/E/G ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Stifel Nicolaus boosted their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company upped their target price on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15th. JMP Securities reissued a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Roth Mkm restated a “buy” rating and issued a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $215.86.

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.