Solstein Capital LLC Sells 212 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Solstein Capital LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,802 shares of the e-commerce giant’s stock after selling 212 shares during the quarter. Amazon.com accounts for approximately 2.7% of Solstein Capital LLC’s investment portfolio, making the stock its 6th biggest position. Solstein Capital LLC’s holdings in Amazon.com were worth $3,768,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mayflower Financial Advisors LLC lifted its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the last quarter. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. Laurel Wealth Planning LLC raised its position in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Amazon.com in the 4th quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com in the 1st quarter worth about $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $183.32 on Wednesday. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.21, a PEG ratio of 1.62 and a beta of 1.17. The company has a 50-day simple moving average of $176.88 and a two-hundred day simple moving average of $156.19. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. Amazon.com’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. Susquehanna raised their target price on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Roth Mkm reissued a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday. Robert W. Baird lifted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Oppenheimer boosted their target price on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC boosted their target price on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $201.98.

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.