Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,703 shares of the e-commerce giant’s stock after purchasing an additional 1,022 shares during the period. AlphaStar Capital Management LLC’s holdings in Amazon.com were worth $2,994,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Baron Silver Stevens Financial Advisors LLC lifted its position in Amazon.com by 10.1% in the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 12,227 shares of the e-commerce giant’s stock valued at $1,554,000 after purchasing an additional 1,125 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Amazon.com by 7.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 3,658,672 shares of the e-commerce giant’s stock valued at $465,090,000 after acquiring an additional 243,871 shares during the period. First American Trust FSB lifted its position in shares of Amazon.com by 4.7% during the 3rd quarter. First American Trust FSB now owns 146,126 shares of the e-commerce giant’s stock valued at $18,575,000 after acquiring an additional 6,499 shares during the period. Abbrea Capital LLC lifted its position in shares of Amazon.com by 0.4% during the 3rd quarter. Abbrea Capital LLC now owns 106,749 shares of the e-commerce giant’s stock valued at $13,570,000 after acquiring an additional 387 shares during the period. Finally, Southern Capital Advisors LLC lifted its position in shares of Amazon.com by 36.8% during the 3rd quarter. Southern Capital Advisors LLC now owns 3,720 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,894 shares of company stock worth $21,363,909. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $176.44 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 49.42, a PEG ratio of 1.28 and a beta of 1.15. The firm’s fifty day simple moving average is $182.34 and its 200 day simple moving average is $167.52. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMZN shares. Raymond James lifted their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Evercore ISI lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. Finally, Robert W. Baird raised their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $212.40.

Check Out Our Latest Research Report on AMZN

About Amazon.com

(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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