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

AlphaStar Capital Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 37.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,681 shares of the e-commerce giant’s stock after selling 11,145 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Amazon.com were worth $2,375,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its stake in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $174.99 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The stock’s fifty day moving average price is $159.13 and its 200 day moving average price is $144.86. Amazon.com, Inc. has a 1 year low of $88.12 and a 1 year high of $175.75. The company has a market cap of $1.82 trillion, a price-to-earnings ratio of 60.34, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) 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 the consensus estimate of $165.96 billion. During the same period in the prior year, the firm earned $0.21 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.06 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the sale, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at $87,470,425. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $153.20, for a total value of $76,600.00. Following the sale, the chief executive officer now directly owns 119,560 shares of the company’s stock, valued at $18,316,592. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the completion of the sale, the chief executive officer now directly owns 499,831 shares in the company, valued at $87,470,425. The disclosure for this sale can be found here. Insiders have sold a total of 32,155,454 shares of company stock valued at $5,495,283,506 in the last ninety days. Company insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. The Goldman Sachs Group boosted their target price on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. UBS Group boosted their target price on Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Roth Mkm boosted their target price on Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Evercore ISI boosted their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Tigress Financial boosted their target price on Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $197.95.

Check Out Our Latest Stock Analysis on AMZN

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

See Also

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.