Capstone Financial Advisors Inc. Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capstone Financial Advisors Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,055 shares of the e-commerce giant's stock after selling 2,310 shares during the period. Amazon.com accounts for 0.5% of Capstone Financial Advisors Inc.'s portfolio, making the stock its 22nd biggest position. Capstone Financial Advisors Inc.'s holdings in Amazon.com were worth $7,910,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Amazon.com by 14.0% during the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock valued at $21,297,564,000 after buying an additional 11,926,749 shares in the last quarter. Parkshore Wealth Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $4,123,000. Long Island Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter worth about $221,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Amazon.com during the fourth quarter worth about $806,000. Finally, Second Half Financial Partners LLC increased its stake in shares of Amazon.com by 5.6% during the fourth quarter. Second Half Financial Partners LLC now owns 6,201 shares of the e-commerce giant's stock valued at $1,360,000 after purchasing an additional 327 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMZN shares. Citizens Jmp dropped their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus dropped their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Raymond James restated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, Morgan Stanley reduced their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,081 shares of company stock worth $17,421,044 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of AMZN traded down $2.95 during mid-day trading on Wednesday, reaching $201.12. The stock had a trading volume of 42,365,189 shares, compared to its average volume of 41,955,975. The business has a fifty day moving average of $189.68 and a 200 day moving average of $208.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market cap of $2.14 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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

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.