Trust Point Inc. Makes New $5.39 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Point Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, HoldingsChannel reports. The fund acquired 35,462 shares of the e-commerce giant’s stock, valued at approximately $5,388,000. Amazon.com comprises 0.4% of Trust Point Inc.’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds have also added to or reduced their stakes in AMZN. State Street Corp raised its position in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 1,838.8% in 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 acquiring an additional 295,880,050 shares during the period. FMR LLC raised its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC raised its position in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after acquiring an additional 116,383,502 shares during the period. Finally, Norges Bank bought a new stake in Amazon.com in the fourth quarter worth about $8,263,591,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on 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 sale, the insider now 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. In the last ninety days, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. 12.70% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.1 %

Shares of AMZN opened at $181.28 on Thursday. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The firm has a 50 day moving average price of $177.09 and a 200-day moving average price of $156.36.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. BMO Capital Markets started coverage on shares of Amazon.com in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. TD Cowen lifted their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Roth Mkm reiterated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $202.80.

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.