From MarketBeat:

Alta Capital Management LLC increased its stake in Amazon.com, Inc. by 41.2% in the third quarter, now owning over 211,000 shares worth $26.9 million. Other hedge funds also added Amazon shares to their portfolios. Analysts have set price targets for the stock, with an average rating of “buy” and a consensus price target of $173.44.

Amazon CEO Adam Selipsky recently sold 500 shares of the stock for $153.20 each, totalling $76,600, while CEO Andrew R. Jassy sold over 21,000 shares. Insiders have collectively sold over 65,000 shares in the past three months, totaling over $9 million. Amazon.com, Inc.’s stock performance has ranged from $81.43 to $155.63 over the past year, with a market cap of $1.49 trillion.

Amazon reported $143.08 billion in quarterly revenue, exceeding analysts’ expectations of $141.53 billion. The e-commerce giant’s strong earnings of $0.85 per share beat the consensus estimate of $0.58 by $0.27. Despite this, research analysts forecast a 2.62 earnings per share for the year.

Amazon.com, Inc. (NASDAQ:AMZN) engages in retail sales of consumer products and subscriptions. It operates three segments: North America, International, and Amazon Web Services (AWS). The company sells merchandise and content purchased for resale, and products from third-party sellers. Its stock is rated an average “buy” by analysts, with a consensus price target of $173.44.

As a result of narrative science technology, the information in this news alert has been generated with financial data from MarketBeat to provide the fastest and most accurate reporting. The story was reviewed by MarketBeat’s editorial team prior to publication. For more data on Amazon.com, Inc. and other stock trades and insider information, visit HoldingsChannel.com. If you’re considering investing in Amazon, make sure to review MarketBeat’s top-rated analyst recommendations.



Read more: Alta Capital Management LLC Buys 61,868 Shares of Amazon.com, Inc. (NASDAQ:AMZN)