Amazon.com, Inc. $AMZN Shares Sold by Alta Capital Management LLC

Alta Capital Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.8% in the 4th quarter, Holdings Channel reports. The firm owned 426,868 shares of the e-commerce giant’s stock after selling 46,306 shares during the period. Amazon.com comprises about 6.6% of Alta Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Alta Capital Management LLC’s holdings in Amazon.com were worth $98,530,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Gambit Capital Management LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $1,181,000. Lutz Financial Services LLC increased its holdings in Amazon.com by 10.8% in the 4th quarter. Lutz Financial Services LLC now owns 3,719 shares of the e-commerce giant’s stock valued at $858,000 after purchasing an additional 361 shares during the last quarter. Yanni & Associates Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $462,000. Verde Capital Management increased its holdings in Amazon.com by 9.9% in the 4th quarter. Verde Capital Management now owns 21,219 shares of the e-commerce giant’s stock valued at $4,898,000 after purchasing an additional 1,913 shares during the last quarter. Finally, Evergreen Wealth Management LLC increased its holdings in Amazon.com by 1.3% in the 4th quarter. Evergreen Wealth Management LLC now owns 38,527 shares of the e-commerce giant’s stock valued at $8,893,000 after purchasing an additional 488 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on AMZN shares. Robert W. Baird lifted their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Moffett Nathanson lifted their target price on shares of Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. UBS Group set a $315.00 target price on shares of Amazon.com in a report on Monday. Roth Mkm lifted their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $330.00 target price (up from $280.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $312.52.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $246.03 on Friday. The company has a fifty day simple moving average of $249.87 and a two-hundred day simple moving average of $232.98. The company has a market cap of $2.65 trillion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.44. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon’s latest AI and logistics push is a major bullish catalyst: the company unveiled an upgraded warehouse robot and is backing a €10 billion expansion of its European fulfillment network, which should support faster shipping, lower costs, and better operating efficiency. Reuters: Amazon unveils new AI warehouse robot in $12 billion Europe push
• Positive Sentiment: Amazon Web Services continues to win large contracts, including Pinterest’s $4 billion cloud deal through 2031, reinforcing AWS’s role as a key AI infrastructure beneficiary. Reuters: Pinterest signs $4 billion Amazon deal for cloud services
• Positive Sentiment: Several recent market commentary pieces highlighted Amazon’s growing AI, cloud, and advertising opportunities, with analysts continuing to frame AMZN as a long-duration AI winner. MarketBeat: Amazon.com stock and related coverage
• Neutral Sentiment: Amazon’s CEO Douglas Herrington sold 1,000 shares under a pre-arranged trading plan. The sale is small, but insider selling can still create some short-term caution. MarketBeat: Amazon.com insider trades
• Negative Sentiment: Amazon is facing fresh scrutiny over its aggressive AI spending, with employees publicly criticizing massive data-center investment while layoffs continue. That keeps cost and labor concerns front and center. CNBC: Amazon engineers in Seattle slam employer for building AI data centers while laying off staffers
• Negative Sentiment: Rising shipping costs tied to Middle East conflict could pressure Amazon’s retail margins ahead of Prime Day, adding another near-term headwind. Yahoo Finance: Iran war raises shipping costs ahead of Amazon Prime Day
• Negative Sentiment: Amazon also faces ongoing regulatory and reputational pressure from data-center pushback and privacy-related concerns around Ring, which may weigh on sentiment even if the long-term business outlook remains strong. Reuters: Texas grid flags risks as data centers, crypto sites fail voltage tests

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the transaction, the chief executive officer owned 471,361 shares of the company’s stock, valued at $129,624,275. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is currently owned by company insiders.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.