Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,873 shares of the e-commerce giant’s stock after purchasing an additional 1,124 shares during the quarter. Amazon.com comprises about 2.9% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 12th biggest holding. North Point Portfolio Managers Corp OH’s holdings in Amazon.com were worth $15,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Register Financial Advisors LLC raised its position in Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after acquiring an additional 657 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after acquiring an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC raised its position in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp raised its position in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. raised its position in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,798,456 in the last ninety days. Insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMZN. Piper Sandler boosted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Wolfe Research boosted their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. JMP Securities boosted their price objective on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt boosted their price objective on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $202.80.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $181.28 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm’s 50-day simple moving average is $177.09 and its 200-day simple moving average is $156.36. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The firm has a market cap of $1.89 trillion, a P/E ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Amazon.com Company Profile

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.