DecisionPoint Financial LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

DecisionPoint Financial LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 221.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,219 shares of the e-commerce giant’s stock after acquiring an additional 2,219 shares during the quarter. Amazon.com makes up about 0.2% of DecisionPoint Financial LLC’s holdings, making the stock its 27th largest holding. DecisionPoint Financial LLC’s holdings in Amazon.com were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Vanguard Group Inc. boosted its position in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. FMR LLC lifted its stake in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the last quarter. Northern Trust Corp boosted its position in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Jennison Associates LLC grew its stake in Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Amazon.com by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after purchasing an additional 1,374,052 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 12,133 shares of Amazon.com stock in a transaction on Friday, February 9th. The stock was sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the transaction, the director now owns 115,220 shares in the company, valued at approximately $19,702,620. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jonathan Rubinstein sold 12,133 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the completion of the sale, the director now owns 115,220 shares in the company, valued at approximately $19,702,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the transaction, the insider now owns 970,255,270 shares of the company’s stock, valued at $168,174,345,949.10. The disclosure for this sale can be found here. Insiders sold a total of 26,197,961 shares of company stock worth $4,482,244,357 in the last three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $188.76 on Wednesday. Amazon.com, Inc. has a twelve month low of $104.70 and a twelve month high of $189.94. The firm has a market capitalization of $1.96 trillion, a PE ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $179.60 and its 200 day moving average price is $161.63.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Raymond James upped their target price on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird boosted their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com 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.