DecisionPoint Financial LLC Has $895,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

DecisionPoint Financial LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,703 shares of the e-commerce giant’s stock after selling 99 shares during the period. Amazon.com accounts for about 0.3% of DecisionPoint Financial LLC’s investment portfolio, making the stock its 21st biggest position. DecisionPoint Financial LLC’s holdings in Amazon.com were worth $895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Northern Capital Management Inc. lifted its position in shares of Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. ETF Store Inc. lifted its position in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after purchasing an additional 48 shares in the last quarter. Talisman Wealth Advisors LLC lifted its holdings in Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after buying an additional 53 shares during the period. SWAN Capital LLC lifted its holdings in Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after buying an additional 55 shares during the period. Finally, Lokken Investment Group LLC lifted its holdings in Amazon.com by 1.5% in the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock valued at $848,000 after buying an additional 56 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Piper Sandler increased their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Jefferies Financial Group increased their price objective on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Wednesday. Finally, Evercore ISI cut their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $262.45.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the transaction, the chief executive officer owned 512,050 shares in the company, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.4%

NASDAQ:AMZN opened at $224.66 on Thursday. The firm’s 50 day simple moving average is $220.60 and its 200 day simple moving average is $208.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.40 trillion, a PE ratio of 34.25, a P/E/G ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company earned $1.26 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.