Sharpepoint LLC Has $3.53 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sharpepoint LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,844 shares of the e-commerce giant’s stock after selling 2,870 shares during the period. Amazon.com makes up about 3.1% of Sharpepoint LLC’s portfolio, making the stock its 5th largest holding. Sharpepoint LLC’s holdings in Amazon.com were worth $3,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Adapt Wealth Advisors LLC lifted its stake in Amazon.com by 1.3% in the 1st quarter. Adapt Wealth Advisors LLC now owns 5,897 shares of the e-commerce giant’s stock valued at $1,122,000 after purchasing an additional 78 shares during the last quarter. CFO4Life Group LLC lifted its stake in Amazon.com by 2.4% in the 1st quarter. CFO4Life Group LLC now owns 59,479 shares of the e-commerce giant’s stock valued at $11,316,000 after purchasing an additional 1,402 shares during the last quarter. MainStreet Investment Advisors LLC lifted its stake in Amazon.com by 0.3% in the 1st quarter. MainStreet Investment Advisors LLC now owns 59,403 shares of the e-commerce giant’s stock valued at $11,302,000 after purchasing an additional 172 shares during the last quarter. Significant Wealth Partners LLC lifted its stake in Amazon.com by 27.7% in the 1st quarter. Significant Wealth Partners LLC now owns 7,103 shares of the e-commerce giant’s stock valued at $1,351,000 after purchasing an additional 1,542 shares during the last quarter. Finally, Heritage Wealth Management Inc. CA lifted its stake in Amazon.com by 3.4% in the 1st quarter. Heritage Wealth Management Inc. CA now owns 5,178 shares of the e-commerce giant’s stock valued at $985,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $213.75 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $158.54 and a 12 month high of $242.52. The stock has a market cap of $2.28 trillion, a P/E ratio of 32.58, a P/E/G ratio of 1.45 and a beta of 1.31. The company has a 50 day moving average of $218.57 and a 200 day moving average of $208.96.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Wells Fargo & Company raised their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Oppenheimer dropped their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $262.45.

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.