Sunpointe LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,040 shares of the e-commerce giant’s stock, valued at approximately $3,045,000. Amazon.com comprises about 3.9% of Sunpointe LLC’s portfolio, making the stock its 3rd biggest holding.
A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. boosted its position in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC grew its stake in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. FMR LLC raised its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Amazon.com during the 3rd quarter worth $610,138,000. 72.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $210.00 target price (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Argus increased their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Truist Financial upped their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Oppenheimer increased their target price on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, UBS Group boosted their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $213.82.
Read Our Latest Analysis on Amazon.com
Insiders Place Their Bets
In other news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,838 shares of company stock worth $11,984,344. 10.80% of the stock is owned by corporate insiders.
Amazon.com Stock Down 0.1 %
AMZN opened at $183.66 on Friday. The stock’s 50 day moving average price is $182.92 and its 200 day moving average price is $170.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market cap of $1.91 trillion, a P/E ratio of 51.45, a P/E/G ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 4.72 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.
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