Belpointe Asset Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,773 shares of the e-commerce giant’s stock after selling 42,182 shares during the quarter. Amazon.com comprises approximately 1.0% of Belpointe Asset Management LLC’s holdings, making the stock its 13th biggest holding. Belpointe Asset Management LLC’s holdings in Amazon.com were worth $17,369,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $27,000. Retirement Financial Solutions LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $32,000. Laurel Wealth Planning LLC lifted its holdings in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at $38,000. Finally, Cowa LLC acquired a new position in shares of Amazon.com during the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 57.64% of the company’s stock.
Amazon.com Trading Up 1.5 %
Amazon.com stock opened at $116.75 on Thursday. The firm has a 50 day simple moving average of $104.89 and a 200-day simple moving average of $97.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market capitalization of $1.20 trillion, a PE ratio of 277.98, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on AMZN shares. DA Davidson lifted their target price on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Telsey Advisory Group restated an “outperform” rating and set a $125.00 target price on shares of Amazon.com in a report on Thursday, April 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. StockNews.com started coverage on shares of Amazon.com in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Morgan Stanley lifted their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $143.12.
In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 2,299 shares of the stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The disclosure for this sale can be found here. Insiders sold 75,144 shares of company stock worth $8,405,887 over the last three months. Corporate insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
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