B & T Capital Management DBA Alpha Capital Management Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

B & T Capital Management DBA Alpha Capital Management trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,997 shares of the e-commerce giant’s stock after selling 989 shares during the period. Amazon.com makes up approximately 1.9% of B & T Capital Management DBA Alpha Capital Management’s holdings, making the stock its 13th biggest holding. B & T Capital Management DBA Alpha Capital Management’s holdings in Amazon.com were worth $10,530,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMZN. Fiera Capital Corp increased its position in shares of Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares during the period. GPM Growth Investors Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth approximately $10,269,000. Pursue Wealth Partners LLC increased its holdings in shares of Amazon.com by 4.9% in the 2nd quarter. Pursue Wealth Partners LLC now owns 27,117 shares of the e-commerce giant’s stock valued at $5,240,000 after acquiring an additional 1,275 shares during the period. Vance Wealth Inc. grew its stake in Amazon.com by 1.7% in the second quarter. Vance Wealth Inc. now owns 12,943 shares of the e-commerce giant’s stock valued at $2,501,000 after purchasing an additional 216 shares during the last quarter. Finally, Commons Capital LLC raised its holdings in Amazon.com by 3.3% in the second quarter. Commons Capital LLC now owns 29,146 shares of the e-commerce giant’s stock worth $5,632,000 after purchasing an additional 931 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,027,340 shares of company stock worth $1,252,456,773 over the last three months. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Maxim Group lifted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday. The Goldman Sachs Group raised their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their target price on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $250.33.

Amazon.com Stock Up 1.3 %

AMZN stock opened at $237.68 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a 50-day simple moving average of $223.02 and a 200-day simple moving average of $198.55. The stock has a market capitalization of $2.50 trillion, a P/E ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

About Amazon.com

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.