Ninepoint Partners LP Acquires 1,142 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ninepoint Partners LP boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,286 shares of the e-commerce giant’s stock after purchasing an additional 1,142 shares during the quarter. Amazon.com makes up about 0.1% of Ninepoint Partners LP’s portfolio, making the stock its 27th largest position. Ninepoint Partners LP’s holdings in Amazon.com were worth $1,107,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Highview Capital Management LLC DE increased its position in shares of Amazon.com by 34.3% during the third quarter. Highview Capital Management LLC DE now owns 22,668 shares of the e-commerce giant’s stock valued at $2,882,000 after purchasing an additional 5,793 shares during the period. Moisand Fitzgerald Tamayo LLC increased its position in shares of Amazon.com by 43.7% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 1,086 shares of the e-commerce giant’s stock worth $138,000 after purchasing an additional 330 shares in the last quarter. Outfitter Financial LLC boosted its position in Amazon.com by 0.4% in the third quarter. Outfitter Financial LLC now owns 19,625 shares of the e-commerce giant’s stock valued at $2,495,000 after buying an additional 80 shares in the last quarter. Lantz Financial LLC increased its holdings in shares of Amazon.com by 1.4% during the third quarter. Lantz Financial LLC now owns 27,586 shares of the e-commerce giant’s stock worth $3,507,000 after buying an additional 369 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of Amazon.com by 22.6% in the third quarter. Linden Thomas Advisory Services LLC now owns 4,426 shares of the e-commerce giant’s stock valued at $563,000 after acquiring an additional 815 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders have sold a total of 20,187,979 shares of company stock valued at $3,440,575,337 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Canaccord Genuity Group raised their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JMP Securities restated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $211.62.

Amazon.com Price Performance

AMZN stock opened at $189.50 on Friday. The stock has a 50-day moving average price of $179.90 and a two-hundred day moving average price of $161.81. Amazon.com, Inc. has a 1 year low of $108.05 and a 1 year high of $191.70. The stock has a market cap of $1.97 trillion, a PE ratio of 53.08, a price-to-earnings-growth 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.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $142.65 billion. During the same quarter last year, the firm earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 4.67 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.