AlphaStar Capital Management LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

AlphaStar Capital Management LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,903 shares of the e-commerce giant’s stock after selling 661 shares during the quarter. Amazon.com comprises 0.8% of AlphaStar Capital Management LLC’s portfolio, making the stock its 20th biggest holding. AlphaStar Capital Management LLC’s holdings in Amazon.com were worth $7,720,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC boosted its holdings in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. boosted its holdings in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp boosted its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC boosted its holdings in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Andrew R. Jassy sold 21,925 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total value of $2,529,487.25. Following the transaction, the chief executive officer now owns 1,997,681 shares in the company, valued at $230,472,456.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,144 shares of company stock worth $8,405,887. 12.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Tigress Financial reissued a “buy” rating and set a $192.00 price target on shares of Amazon.com in a research note on Thursday, February 9th. Moffett Nathanson decreased their price target on Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research note on Monday, April 24th. Barclays decreased their price target on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Piper Sandler raised their price target on Amazon.com from $123.00 to $130.00 in a research note on Friday, April 28th. Finally, Wells Fargo & Company decreased their price target on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.12.

Amazon.com Stock Down 0.0 %

Amazon.com stock opened at $114.99 on Wednesday. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.79, a price-to-earnings-growth ratio of 4.04 and a beta of 1.26. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The business’s 50-day moving average price is $104.48 and its 200 day moving average price is $97.42. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.