Solstein Capital LLC Sells 212 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Solstein Capital LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 24,802 shares of the e-commerce giant’s stock after selling 212 shares during the quarter. Amazon.com comprises approximately 2.7% of Solstein Capital LLC’s holdings, making the stock its 6th biggest position. Solstein Capital LLC’s holdings in Amazon.com were worth $3,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Register Financial Advisors LLC lifted its position in Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares during the period. Wedge Capital Management L L P NC lifted its position in Amazon.com by 1.0% during the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares during the period. Cherrydale Wealth Management LLC lifted its position in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the period. Tompkins Financial Corp increased its stake in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. increased its stake in Amazon.com by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JMP Securities increased their target price on Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus boosted their price objective on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday. Telsey Advisory Group restated an “outperform” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, March 27th. BMO Capital Markets started coverage on Amazon.com in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $201.98.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. Insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 0.2 %

Shares of AMZN stock opened at $183.32 on Wednesday. The company has a 50 day moving average of $176.88 and a 200-day moving average of $156.19. The firm has a market cap of $1.91 trillion, a P/E ratio of 63.21, a PEG ratio of 1.62 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the business earned $0.21 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

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.