Amazon.com, Inc. (NASDAQ:AMZN) is Alpha Cubed Investments LLC's 4th Largest Position

Key Points

• Alpha Cubed Investments LLC has reduced its stake in Amazon.com, Inc. by 1.4%, now owning 482,900 shares valued at approximately $91.88 million.
• Amazon reported a quarterly revenue of $167.70 billion and an EPS of $1.68, surpassing analyst estimates significantly.
• A majority of analysts maintain a "Buy" rating for Amazon shares, with price targets ranging from $195.00 to $280.00.

Alpha Cubed Investments LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 482,900 shares of the e-commerce giant's stock after selling 6,912 shares during the quarter. Amazon.com comprises approximately 4.1% of Alpha Cubed Investments LLC's holdings, making the stock its 4th largest holding. Alpha Cubed Investments LLC's holdings in Amazon.com were worth $91,877,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 25,099,537 shares of company stock valued at $5,674,394,548. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Bank of America raised their target price on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday. Roth Capital set a $250.00 target price on Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Rosenblatt Securities increased their price target on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday. Citigroup increased their price target on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. Finally, Cantor Fitzgerald increased their price target on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $262.45.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $19.36 on Friday, hitting $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 43,924,596. The firm has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $218.20 and a two-hundred day moving average of $209.11.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 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.