Alterna Wealth Management Inc. Has $2.32 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Alterna Wealth Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,571 shares of the e-commerce giant’s stock after selling 1,172 shares during the period. Amazon.com accounts for about 2.0% of Alterna Wealth Management Inc.’s portfolio, making the stock its 14th largest position. Alterna Wealth Management Inc.’s holdings in Amazon.com were worth $2,319,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Horst & Graben Wealth Management LLC grew its holdings in shares of Amazon.com by 5.5% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 5,779 shares of the e-commerce giant’s stock worth $1,268,000 after purchasing an additional 300 shares during the last quarter. Level Wealth Management LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $408,000. Western Pacific Wealth Management LP grew its holdings in shares of Amazon.com by 0.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 41,005 shares of the e-commerce giant’s stock worth $8,996,000 after purchasing an additional 357 shares during the last quarter. SkyOak Wealth LLC grew its holdings in shares of Amazon.com by 4.0% during the fourth quarter. SkyOak Wealth LLC now owns 33,377 shares of the e-commerce giant’s stock worth $7,323,000 after purchasing an additional 1,292 shares during the last quarter. Finally, McAdam LLC grew its holdings in shares of Amazon.com by 7.4% during the fourth quarter. McAdam LLC now owns 27,351 shares of the e-commerce giant’s stock worth $6,000,000 after purchasing an additional 1,896 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. JMP Securities restated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Benchmark raised their price target on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird raised their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 1.8 %

AMZN stock opened at $212.71 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $227.48 and a two-hundred day moving average price of $204.88. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.46, a P/E/G ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.