Great Point Wealth Advisors LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Great Point Wealth Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,540 shares of the e-commerce giant’s stock after acquiring an additional 260 shares during the period. Great Point Wealth Advisors LLC’s holdings in Amazon.com were worth $461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after buying an additional 12,456,995 shares during the period. State Street Corp boosted its holdings in shares of Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC boosted its holdings in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 2.3% during the first quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after purchasing an additional 3,774,390 shares during the period. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $139.00, for a total transaction of $69,500.00. Following the completion of the transaction, the chief executive officer now owns 103,020 shares in the company, valued at approximately $14,319,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $127.20, for a total value of $508,800.00. Following the completion of the transaction, the chief executive officer now owns 522,316 shares in the company, valued at approximately $66,438,595.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $139.00, for a total transaction of $69,500.00. Following the completion of the transaction, the chief executive officer now owns 103,020 shares of the company’s stock, valued at approximately $14,319,780. The disclosure for this sale can be found here. Insiders sold 182,145 shares of company stock worth $25,278,008 in the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $180.00 to $175.00 in a report on Thursday, October 12th. Benchmark raised their price target on shares of Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Roth Mkm raised their price target on shares of Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Wedbush reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Amazon.com in a report on Wednesday, October 18th. Finally, BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price target for the company in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.80.

Amazon.com Trading Down 1.0 %

Shares of AMZN stock opened at $140.60 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The stock has a market capitalization of $1.45 trillion, a P/E ratio of 72.85, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a 50 day moving average price of $132.96 and a 200 day moving average price of $127.79. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.