Realta Investment Advisors Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Realta Investment Advisors reduced its stake in Amazon.com, Inc. by 8.0%, holding 49,462 shares valued at approximately $9.41 million.
• CEO Douglas J. Herrington sold 2,500 shares at $217.00, and insider Jeffrey P. Bezos sold over 2.6 million shares at $230.43, with total insider sales exceeding $5.67 billion in the last 90 days.
• Amazon.com reported better-than-expected quarterly earnings of $1.68 per share, beating analysts' estimates, and projected an EPS of 6.31 for the current year.

Realta Investment Advisors reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,462 shares of the e-commerce giant's stock after selling 4,284 shares during the quarter. Amazon.com comprises 4.3% of Realta Investment Advisors' portfolio, making the stock its 3rd biggest position. Realta Investment Advisors' holdings in Amazon.com were worth $9,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth approximately $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Monness Crespi & Hardt upped their price objective on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Jefferies Financial Group upped their price objective on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Finally, Evercore ISI decreased their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $262.45.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the transaction, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 over the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Down 0.2%

NASDAQ AMZN traded down $0.44 during trading hours on Friday, hitting $222.69. 32,911,537 shares of the company were exchanged, compared to its average volume of 47,624,592. The stock has a 50-day moving average price of $219.65 and a 200 day moving average price of $208.80. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market cap of $2.37 trillion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.