Tiff Advisory Services LLC Sells 7,913 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tiff Advisory Services LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,773 shares of the e-commerce giant’s stock after selling 7,913 shares during the period. Amazon.com makes up about 2.9% of Tiff Advisory Services LLC’s investment portfolio, making the stock its 12th largest position. Tiff Advisory Services LLC’s holdings in Amazon.com were worth $6,043,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG boosted its stake in Amazon.com by 9.1% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 1,752,481 shares of the e-commerce giant’s stock valued at $222,775,000 after buying an additional 146,448 shares in the last quarter. CPA Asset Management LLC boosted its stake in Amazon.com by 11.3% in the 3rd quarter. CPA Asset Management LLC now owns 2,560 shares of the e-commerce giant’s stock valued at $325,000 after buying an additional 260 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Amazon.com by 4.1% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 16,500 shares of the e-commerce giant’s stock valued at $2,097,000 after buying an additional 654 shares in the last quarter. ML & R Wealth Management LLC boosted its stake in Amazon.com by 122.6% in the 3rd quarter. ML & R Wealth Management LLC now owns 7,569 shares of the e-commerce giant’s stock valued at $962,000 after buying an additional 4,169 shares in the last quarter. Finally, Diversified LLC boosted its stake in Amazon.com by 16.4% in the 3rd quarter. Diversified LLC now owns 7,745 shares of the e-commerce giant’s stock valued at $985,000 after buying an additional 1,091 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,838 shares of company stock worth $11,984,344. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Mizuho boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Robert W. Baird lifted their price objective on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Finally, BMO Capital Markets lifted their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $212.40.

Get Our Latest Stock Analysis on AMZN

Amazon.com Stock Up 2.1 %

NASDAQ:AMZN opened at $185.00 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market cap of $1.93 trillion, a PE ratio of 51.82, a PEG ratio of 1.28 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. The stock has a 50-day simple moving average of $182.46 and a 200 day simple moving average of $168.39.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Amazon.com Profile

(Free Report)

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.

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

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