Gilman Hill Asset Management LLC Sells 165 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gilman Hill Asset Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,029 shares of the e-commerce giant’s stock after selling 165 shares during the period. Gilman Hill Asset Management LLC’s holdings in Amazon.com were worth $2,420,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Fiera Capital Corp grew its stake in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after acquiring an additional 44,615 shares in the last quarter. Commonwealth Retirement Investments LLC grew its stake in shares of Amazon.com by 11.9% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 4,685 shares of the e-commerce giant’s stock worth $905,000 after buying an additional 500 shares in the last quarter. Gentry Private Wealth LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth $842,000. Valtinson Bruner Financial Planning LLC grew its stake in shares of Amazon.com by 23.4% in the 2nd quarter. Valtinson Bruner Financial Planning LLC now owns 5,342 shares of the e-commerce giant’s stock worth $1,032,000 after buying an additional 1,014 shares in the last quarter. Finally, Patron Partners LLC grew its stake in shares of Amazon.com by 5.0% in the 2nd quarter. Patron Partners LLC now owns 29,500 shares of the e-commerce giant’s stock worth $5,701,000 after buying an additional 1,400 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMZN shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research note on Friday. Redburn Atlantic lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $251.44.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 0.1 %

Shares of AMZN stock opened at $237.42 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.50 trillion, a PE ratio of 50.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a 50-day moving average of $223.83 and a two-hundred day moving average of $198.98. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $241.77.

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.