Alpine Woods Capital Investors LLC Sells 21,857 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Alpine Woods Capital Investors LLC has reduced its stake in Amazon.com by 40.6%, selling 21,857 shares, bringing its total to 31,965 shares valued at approximately $6,082,000.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon.com for approximately $960.67 million, decreasing his ownership by 0.47%.
• Analysts have mixed views on Amazon's stock, with price targets ranging from $240.00 to $270.00, and a predominant rating of "Buy" across multiple reports.

Alpine Woods Capital Investors LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 40.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,965 shares of the e-commerce giant's stock after selling 21,857 shares during the period. Amazon.com accounts for approximately 1.5% of Alpine Woods Capital Investors LLC's holdings, making the stock its 16th biggest holding. Alpine Woods Capital Investors LLC's holdings in Amazon.com were worth $6,082,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth about $40,000. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 25,102,037 shares of company stock valued at $5,674,937,048 over the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 1.0%

NASDAQ AMZN opened at $213.75 on Wednesday. The company has a market capitalization of $2.28 trillion, a PE ratio of 32.58, a P/E/G ratio of 1.45 and a beta of 1.31. The company has a fifty day moving average of $218.57 and a 200 day moving average of $208.96. Amazon.com, Inc. has a 1 year low of $158.54 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

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 analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Citigroup raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Mizuho decreased their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Royal Bank Of Canada raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $262.45.

About Amazon.com

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.

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