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

B & T Capital Management DBA Alpha Capital Management lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the third quarter, Holdings Channel reports. The institutional investor owned 48,986 shares of the e-commerce giant’s stock after selling 3,440 shares during the quarter. Amazon.com accounts for 1.7% of B & T Capital Management DBA Alpha Capital Management’s holdings, making the stock its 15th largest holding. B & T Capital Management DBA Alpha Capital Management’s holdings in Amazon.com were worth $9,128,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc raised its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the 1st quarter valued at $69,000. Innealta Capital LLC bought a new position in Amazon.com in the 2nd quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC increased its stake in Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock worth $10,215,097 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 3.8 %

Shares of NASDAQ:AMZN opened at $207.09 on Thursday. The stock has a fifty day simple moving average of $186.48 and a two-hundred day simple moving average of $184.23. The stock has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 44.34, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $207.55. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 4.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday. Oppenheimer upped their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wedbush upped their target price on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Monness Crespi & Hardt upped their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

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.