Hudson Valley Investment Advisors Inc. ADV Sells 3,517 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hudson Valley Investment Advisors Inc. ADV reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 95,958 shares of the e-commerce giant’s stock after selling 3,517 shares during the quarter. Amazon.com comprises approximately 2.4% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its 11th largest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in Amazon.com were worth $21,052,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Douglas Lane & Associates LLC lifted its holdings in shares of Amazon.com by 1.3% in the 4th quarter. Douglas Lane & Associates LLC now owns 249,275 shares of the e-commerce giant’s stock valued at $54,688,000 after acquiring an additional 3,106 shares during the last quarter. Private Client Services LLC raised its position in Amazon.com by 2.4% during the fourth quarter. Private Client Services LLC now owns 9,186 shares of the e-commerce giant’s stock valued at $2,015,000 after purchasing an additional 217 shares during the period. Fulton Bank N.A. lifted its stake in shares of Amazon.com by 0.7% in the 4th quarter. Fulton Bank N.A. now owns 141,604 shares of the e-commerce giant’s stock valued at $31,066,000 after purchasing an additional 924 shares during the last quarter. Hilltop Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 12.4% in the 4th quarter. Hilltop Wealth Advisors LLC now owns 1,483 shares of the e-commerce giant’s stock worth $325,000 after purchasing an additional 164 shares during the period. Finally, Worth Asset Management LLC increased its position in shares of Amazon.com by 2.1% during the 4th quarter. Worth Asset Management LLC now owns 3,638 shares of the e-commerce giant’s stock valued at $798,000 after purchasing an additional 76 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Benchmark raised their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $225.94 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00. The company’s 50 day moving average is $217.91 and its 200 day moving average is $196.27. The company has a market cap of $2.38 trillion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

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.