Amazon.com, Inc. (NASDAQ:AMZN) Position Cut by Altfest L J & Co. Inc.

Altfest L J & Co. Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,518 shares of the e-commerce giant's stock after selling 5,205 shares during the period. Amazon.com makes up approximately 2.3% of Altfest L J & Co. Inc.'s portfolio, making the stock its 11th biggest position. Altfest L J & Co. Inc.'s holdings in Amazon.com were worth $15,967,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ridgecrest Wealth Partners LLC raised its stake in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant's stock worth $1,399,000 after purchasing an additional 56 shares during the period. Stordahl Capital Management Inc. raised its stake in shares of Amazon.com by 2.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant's stock valued at $498,000 after acquiring an additional 56 shares during the period. Echo45 Advisors LLC raised its stake in shares of Amazon.com by 0.9% in the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant's stock valued at $1,194,000 after acquiring an additional 59 shares during the period. ShoreHaven Wealth Partners LLC raised its stake in shares of Amazon.com by 1.9% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant's stock valued at $491,000 after acquiring an additional 60 shares during the period. Finally, O Dell Group LLC raised its stake in shares of Amazon.com by 0.5% in the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant's stock valued at $2,064,000 after acquiring an additional 61 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Amazon.com from $200.00 to $224.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. BMO Capital Markets boosted their price target on shares of Amazon.com from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Tuesday. UBS Group boosted their price target on shares of Amazon.com from $198.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday. DA Davidson reiterated a "buy" rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Finally, JMP Securities reiterated a "market outperform" rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $205.13.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company's stock, valued at approximately $23,688,228. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company's stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. 10.30% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock traded up $5.95 during trading hours on Friday, reaching $179.62. 43,846,973 shares of the stock were exchanged, compared to its average volume of 36,227,088. The stock has a market cap of $1.87 trillion, a P/E ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The firm's 50 day moving average is $177.99 and its 200 day moving average is $158.79.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. During the same period in the prior year, the company posted $0.21 EPS. The business's revenue for the quarter was up 13.9% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 4.11 EPS for the current fiscal 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.