Alteri Wealth LLC Buys Shares of 25,395 Amazon.com, Inc. (NASDAQ:AMZN)

Alteri Wealth LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,395 shares of the e-commerce giant's stock, valued at approximately $5,571,000. Amazon.com comprises approximately 1.5% of Alteri Wealth LLC's holdings, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC raised its position in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after purchasing an additional 318 shares during the period. RMR Wealth Builders raised its position in Amazon.com by 2.5% in the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after purchasing an additional 1,690 shares during the period. Trust Co. of Toledo NA OH raised its position in Amazon.com by 3.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 86,248 shares of the e-commerce giant's stock valued at $18,922,000 after purchasing an additional 2,689 shares during the period. City State Bank raised its position in Amazon.com by 1.9% in the fourth quarter. City State Bank now owns 16,663 shares of the e-commerce giant's stock valued at $3,656,000 after purchasing an additional 315 shares during the period. Finally, DBK Financial Counsel LLC purchased a new stake in Amazon.com in the fourth quarter valued at $206,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Scotiabank reduced their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Raymond James reissued an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Down 1.0%

Shares of NASDAQ AMZN traded down $2.11 during midday trading on Friday, hitting $200.99. 33,340,050 shares of the company's stock were exchanged, compared to its average volume of 41,962,799. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.13 trillion, a PE ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30. The firm's fifty day simple moving average is $190.05 and its 200-day simple moving average is $208.80.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the company earned $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,749 shares of company stock valued at $24,197,235. Corporate insiders own 9.70% of the company's stock.

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.