Capstone Wealth Management Group LLC Cuts Stock Holdings in Amazon.com, Inc. $AMZN

Capstone Wealth Management Group LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,382 shares of the e-commerce giant's stock after selling 7,025 shares during the period. Amazon.com accounts for approximately 1.4% of Capstone Wealth Management Group LLC's portfolio, making the stock its 21st biggest holding. Capstone Wealth Management Group LLC's holdings in Amazon.com were worth $3,412,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Jericho Financial LLP increased its position in Amazon.com by 2.0% during the first quarter. Jericho Financial LLP now owns 35,248 shares of the e-commerce giant's stock worth $7,341,000 after purchasing an additional 702 shares during the last quarter. Flatrock Wealth Partners LLC purchased a new stake in shares of Amazon.com during the first quarter worth $2,364,000. Nicholas Hoffman & Company LLC. grew its position in shares of Amazon.com by 1.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 34,639 shares of the e-commerce giant's stock worth $7,214,000 after buying an additional 374 shares in the last quarter. Orin Green Financial LLC lifted its holdings in Amazon.com by 6.9% during the 1st quarter. Orin Green Financial LLC now owns 8,546 shares of the e-commerce giant's stock worth $1,780,000 after buying an additional 554 shares during the last quarter. Finally, Navalign LLC lifted its position in Amazon.com by 1.5% in the first quarter. Navalign LLC now owns 13,551 shares of the e-commerce giant's stock valued at $2,822,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

In other Amazon.com news, Director Jonathan Rubinstein sold 3,849 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,740.00. Following the completion of the transaction, the director directly owned 78,654 shares of the company's stock, valued at approximately $20,450,040. This trade represents a 4.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Also, SVP David Zapolsky sold 9,270 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

In the last 90 days, insiders have sold 144,274 shares of company stock valued at $38,716,204. Company insiders own 8.90% of the company's stock.

Shares of NASDAQ AMZN opened at $247.27 on Friday. The stock has a market capitalization of $2.66 trillion, a P/E ratio of 29.58, a P/E/G ratio of 1.84 and a beta of 1.46. The firm's 50-day moving average price is $250.83 and its two-hundred day moving average price is $235.93. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52-week low of...