Alta Capital Management LLC Buys 54,451 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alta Capital Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 25.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 266,422 shares of the e-commerce giant’s stock after purchasing an additional 54,451 shares during the quarter. Amazon.com comprises 2.6% of Alta Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Alta Capital Management LLC’s holdings in Amazon.com were worth $40,480,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMZN. Mayflower Financial Advisors LLC grew its position in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares during the period. PayPay Securities Corp grew its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com in the 4th quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.5 %

Shares of AMZN opened at $186.13 on Monday. The business’s 50-day moving average price is $176.33 and its 200-day moving average price is $155.38. Amazon.com, Inc. has a twelve month low of $98.71 and a twelve month high of $189.77. The stock has a market cap of $1.93 trillion, a PE ratio of 64.18, a P/E/G ratio of 1.62 and a beta of 1.16. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Oppenheimer lifted their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Raymond James lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $201.43.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,874,846 over the last ninety days. Company insiders own 12.30% of the company’s stock.

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.