AlphaQ Advisors LLC Sells 2,461 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

AlphaQ Advisors LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,098 shares of the e-commerce giant’s stock after selling 2,461 shares during the quarter. Amazon.com makes up 1.5% of AlphaQ Advisors LLC’s portfolio, making the stock its 24th largest position. AlphaQ Advisors LLC’s holdings in Amazon.com were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Cherrydale Wealth Management LLC raised its holdings in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after buying an additional 2,273 shares in the last quarter. Nicholas Company Inc. grew its position in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Amazon.com by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after acquiring an additional 277,631 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. purchased a new stake in Amazon.com during the fourth quarter valued at approximately $1,891,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock worth $5,505,811,286 over the last quarter. 10.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Evercore ISI upped their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday. Mizuho boosted their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James increased their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Finally, Bank of America boosted their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $210.18.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $179.00 on Thursday. The company has a fifty day moving average of $178.59 and a two-hundred day moving average of $159.78. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The stock has a market capitalization of $1.86 trillion, a PE ratio of 61.72, a P/E/G ratio of 1.57 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 (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company posted $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share 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.