Alta Capital Management LLC Has $86.15 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Alta Capital Management LLC lowered its stake 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 disclosure with the SEC. The firm owned 452,806 shares of the e-commerce giant's stock after selling 15,537 shares during the quarter. Amazon.com makes up approximately 5.6% of Alta Capital Management LLC's portfolio, making the stock its 2nd largest holding. Alta Capital Management LLC's holdings in Amazon.com were worth $86,151,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter valued at about $35,000. Perritt Capital Management Inc lifted its holdings 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 buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the fourth quarter worth about $51,000. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president owned 47,030 shares of the company's stock, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,401,408 shares of company stock worth $1,423,159,137 in the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $3.18 during mid-day trading on Wednesday, reaching $222.54. The company's stock had a trading volume of 38,034,550 shares, compared to its average volume of 42,037,661. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm's fifty day moving average price is $207.80 and its two-hundred day moving average price is $208.58. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.36 trillion, a P/E ratio of 36.24, a PEG ratio of 1.68 and a beta of 1.33.

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 analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. Amazon.com's revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Truist Financial raised their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $235.00 target price (up from $225.00) 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-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.41.

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.