Alpine Bank Wealth Management Purchases Shares of 11,385 Amazon.com, Inc. (NASDAQ:AMZN)

Alpine Bank Wealth Management acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,385 shares of the e-commerce giant's stock, valued at approximately $2,166,000.

A number of other institutional investors have also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $35,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.0%

NASDAQ AMZN traded up $2.25 on Friday, reaching $226.13. The company had a trading volume of 37,691,170 shares, compared to its average volume of 41,988,670. The stock's 50 day moving average is $213.50 and its 200-day moving average is $208.59. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMZN. Cantor Fitzgerald raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays decreased their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Benchmark reaffirmed a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.35.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the transaction, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 733,195 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the transaction, the insider directly owned 894,546,706 shares of the company's stock, valued at $203,079,993,196.12. This represents a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock valued at $3,210,622,570 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.