Alta Capital Management LLC Sells 13,873 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alta Capital Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.

9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 468,343 shares of the e-commerce giant’s stock after selling 13,873 shares during the quarter. Amazon.



com accounts for about 6.1% of Alta Capital Management LLC’s holdings, making the stock its 3rd largest holding. Alta Capital Management LLC’s holdings in Amazon.

com were worth $102,750,000 as of its most recent SEC filing. Other hedge funds also recently bought and sold shares of the company. Rench Wealth Management Inc.

increased its stake in shares of Amazon.com by 7.9% during the third quarter.

Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Blankinship & Foster LLC increased its stake in Amazon.

com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares in the last quarter.

Umpqua Bank increased its stake in Amazon.com by 0.4% during the 3rd quarter.

Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares in the last quarter. One Wealth Capital Management LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $4,270,000.

Finally, Floyd Financial Group LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $4,494,000. Hedge funds and other institutional investors own 72.

20% of the company’s stock. Insider Buying and Selling at Amazon.comIn related news, CEO Douglas J.

Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.

00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26.

The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.

51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60.

This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here.

Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast GrowthSeveral research analysts recently commented on the company. Wedbush reissued an “outperform” rating and issued a $280.00 price objective on shares of Amazon.

com in a research note on Friday, February 7th. Stifel Nicolaus increased their target price on shares of Amazon.com from $245.

00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group raised their price target on shares of Amazon.

com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th.

HSBC upped their price objective on shares of Amazon.com from $225.00 to $270.

00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company decreased their target price on shares of Amazon.com from $207.

00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock.

Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $260.

53.View Our Latest Stock Analysis on Amazon.comAmazon.

com Price PerformanceAmazon.com stock opened at $178.41 on Friday.

The company’s 50 day moving average is $213.46 and its two-hundred day moving average is $209.01.

The firm has a market cap of $1.89 trillion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.

50 and a beta of 1.19. The company has a quick ratio of 0.

87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com, Inc. has a 52-week low of $151.

61 and a 52-week high of $242.52. Amazon.

com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.

52 by $0.34. Amazon.

com had a return on equity of 24.25% and a net margin of 9.29%.

On average, research analysts expect that Amazon.com, Inc. will post 6.

31 EPS for the current fiscal year. Amazon.com Profile (Free Report)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.

Further ReadingFive stocks we like better than Amazon.comHow to Short a Stock in 5 Easy Steps Shares of RH Down Nearly 40%: Where Investors Can Turn To Now3 Ways To Invest In Coffee, Other Than Drinking ItTariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianUpcoming IPO Stock Lockup Period, ExplainedCathie Wood Loads Up on Baidu—Is It the Right Time to Buy?.