Capstone Wealth Management Group LLC Sells 1,417 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capstone Wealth Management Group LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,259 shares of the e-commerce giant’s stock after selling 1,417 shares during the period. Amazon.com makes up about 2.8% of Capstone Wealth Management Group LLC’s holdings, making the stock its 10th biggest position. Capstone Wealth Management Group LLC’s holdings in Amazon.com were worth $2,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC lifted its stake in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com in the 1st quarter valued at approximately $258,000. My Personal CFO LLC purchased a new stake in Amazon.com in the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com in the 1st quarter valued at approximately $191,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Piper Sandler upped their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Morgan Stanley upped their target price on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. BMO Capital Markets started coverage on Amazon.com in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price on the stock. Wolfe Research increased their price target on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $197.95.

Amazon.com Stock Performance

Shares of AMZN stock opened at $179.83 on Thursday. 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, Inc. has a one year low of $96.29 and a one year high of $181.41. The company’s 50-day simple moving average is $169.73 and its 200-day simple moving average is $151.07. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 62.01, a PEG ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter last year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the transaction, the chief executive officer now owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the transaction, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,210,510 shares of company stock valued at $5,505,223,106. Insiders own 12.70% 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.