Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Alley Investment Management Company LLC

Alley Investment Management Company LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,882 shares of the e-commerce giant’s stock after selling 585 shares during the quarter. Amazon.com comprises approximately 2.6% of Alley Investment Management Company LLC’s investment portfolio, making the stock its 11th biggest position. Alley Investment Management Company LLC’s holdings in Amazon.com were worth $20,377,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Westover Capital Advisors LLC raised its position in Amazon.com by 1.3% in the fourth quarter. Westover Capital Advisors LLC now owns 66,102 shares of the e-commerce giant’s stock valued at $14,502,000 after purchasing an additional 858 shares during the period. Ring Mountain Capital LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $7,546,000. Torray Investment Partners LLC lifted its position in Amazon.com by 0.9% in the fourth quarter. Torray Investment Partners LLC now owns 83,237 shares of the e-commerce giant’s stock valued at $18,261,000 after buying an additional 751 shares during the last quarter. Synergy Investment Management LLC purchased a new position in Amazon.com during the fourth quarter worth about $1,220,000. Finally, Patten Group Inc. increased its position in shares of Amazon.com by 9.0% during the fourth quarter. Patten Group Inc. now owns 14,589 shares of the e-commerce giant’s stock valued at $3,201,000 after acquiring an additional 1,207 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 4.2 %

Shares of NASDAQ AMZN opened at $171.00 on Friday. 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 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $1.81 trillion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. The business has a fifty day simple moving average of $212.18 and a 200-day simple moving average of $208.91.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on AMZN shares. Mizuho lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Robert W. Baird boosted their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Scotiabank lifted their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Finally, Wedbush reiterated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.53.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.