Alta Capital Management LLC Sells 15,537 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alta Capital Management LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,806 shares of the e-commerce giant's stock after selling 15,537 shares during the quarter. Amazon.com comprises 5.6% of Alta Capital Management LLC's holdings, making the stock its 2nd biggest position. Alta Capital Management LLC's holdings in Amazon.com were worth $86,151,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter worth $51,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a research report on Friday, June 27th. Royal Bank Of Canada cut their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Barclays cut their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, UBS Group restated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned 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 $247.12.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $1.33 during trading hours on Thursday, reaching $221.21. The company's stock had a trading volume of 9,711,329 shares, compared to its average volume of 41,952,743. The company's 50 day simple moving average is $208.56 and its 200 day simple moving average is $208.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.35 trillion, a P/E ratio of 35.99, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33.

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

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,401,408 shares of company stock worth $1,423,159,137. 9.70% of the stock is owned by company 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.