Acorn Financial Advisory Services Inc. ADV Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Acorn Financial Advisory Services Inc. ADV reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846 shares of the e-commerce giant’s stock after selling 78 shares during the period. Amazon.com makes up approximately 1.6% of Acorn Financial Advisory Services Inc. ADV’s investment portfolio, making the stock its 5th biggest position. Acorn Financial Advisory Services Inc. ADV’s holdings in Amazon.com were worth $2,335,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orser Capital Management LLC raised its stake in Amazon.com by 1.0% during the fourth quarter. Orser Capital Management LLC now owns 1,472 shares of the e-commerce giant’s stock worth $2,719,000 after acquiring an additional 14 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Amazon.com by 12.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,570 shares of the e-commerce giant’s stock valued at $6,558,000 after purchasing an additional 405 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Amazon.com by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 1,330,890 shares of the e-commerce giant’s stock valued at $2,459,237,000 after purchasing an additional 19,686 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Amazon.com by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,615 shares of the e-commerce giant’s stock worth $112,007,000 after purchasing an additional 568 shares in the last quarter. Finally, Magnetar Financial LLC increased its position in Amazon.com by 144.3% during the 4th quarter. Magnetar Financial LLC now owns 662 shares of the e-commerce giant’s stock worth $1,223,000 after purchasing an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.
In other Amazon.com news, Director Patricia Q. Stonesifer sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the sale, the director now owns 4,645 shares in the company, valued at $10,820,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 352 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $2,300.19, for a total value of $809,666.88. Following the sale, the senior vice president now owns 4,015 shares in the company, valued at approximately $9,235,262.85. The disclosure for this sale can be found here. Insiders have sold 9,497 shares of company stock worth $21,605,827 in the last 90 days. Company insiders own 16.10% of the company’s stock.
Shares of AMZN stock traded up $5.22 on Friday, reaching $3,187.85. The company’s stock had a trading volume of 3,359,212 shares, compared to its average volume of 4,473,792. The stock’s 50 day simple moving average is $2,622.41 and its 200-day simple moving average is $2,181.00. Amazon.com, Inc. has a 12-month low of $1,626.03 and a 12-month high of $3,193.88. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1,587.88 billion, a P/E ratio of 152.10, a PEG ratio of 6.27 and a beta of 1.32.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.36 by ($1.35). Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The firm had revenue of $75.45 billion for the quarter, compared to analysts’ expectations of $74.15 billion. During the same quarter in the previous year, the business earned $7.09 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 20.08 EPS for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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