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

AlphaStar Capital Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 91,903 shares of the e-commerce giant’s stock after selling 661 shares during the period. Amazon.com makes up 0.8% of AlphaStar Capital Management LLC’s portfolio, making the stock its 20th largest position. AlphaStar Capital Management LLC’s holdings in Amazon.com were worth $7,720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. State Street Corp increased its position in Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD increased its position in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC increased its position in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Northern Trust Corp increased its position in Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Finally, Swiss National Bank increased its position in Amazon.com by 1,909.7% during the 2nd quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock worth $4,219,876,000 after purchasing an additional 37,754,468 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 6,720 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.56, for a total transaction of $776,563.20. Following the completion of the transaction, the senior vice president now directly owns 97,116 shares of the company’s stock, valued at approximately $11,222,724.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock valued at $8,405,887 in the last ninety days. Insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. Susquehanna boosted their target price on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a report on Wednesday, April 12th. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price target on shares of Amazon.com in a report on Thursday, April 20th. Mizuho upped their price target on Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Finally, Wedbush upped their price target on Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Stock Performance

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

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 analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Amazon.com 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.