Arbor Capital Management Inc. ADV Has $3.52 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Arbor Capital Management Inc. ADV decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,847 shares of the e-commerce giant's stock after selling 1,497 shares during the quarter. Amazon.com accounts for approximately 3.5% of Arbor Capital Management Inc. ADV's holdings, making the stock its largest holding. Arbor Capital Management Inc. ADV's holdings in Amazon.com were worth $3,520,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMZN. Swedbank AB boosted its stake in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after buying an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com during the third quarter valued at approximately $279,000. Howard Capital Management Group LLC increased its position in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after purchasing an additional 897 shares during the last quarter. Meridian Management Co. raised its stake in shares of Amazon.com by 27.6% during the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after purchasing an additional 7,246 shares in the last quarter. Finally, Pettinga Financial Advisors LLC grew its stake in shares of Amazon.com by 4.3% in the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock valued at $1,027,000 after buying an additional 225 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

AMZN traded down $5.29 on Monday, reaching $167.32. The stock had a trading volume of 47,976,369 shares, compared to its average volume of 41,753,985. The firm has a 50-day moving average of $197.21 and a 200-day moving average of $208.09. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AMZN shares. Jefferies Financial Group cut their price target on shares of Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group upped their price objective on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Piper Sandler reissued an "overweight" rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Cantor Fitzgerald reduced their price objective on shares of Amazon.com from $270.00 to $230.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Wedbush restated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $249.90.

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.