Amazon.com, Inc. (NASDAQ:AMZN) Position Lowered by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,579 shares of the e-commerce giant’s stock after selling 5,034 shares during the period. Amazon.com accounts for approximately 2.7% of VisionPoint Advisory Group LLC’s portfolio, making the stock its 10th biggest position. VisionPoint Advisory Group LLC’s holdings in Amazon.com were worth $5,715,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Iron Horse Wealth Management LLC increased its position in shares of Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares during the last quarter. Wells Financial Advisors INC grew its position in Amazon.com by 1,900.0% in the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Knott David M Jr acquired a new position in Amazon.com in the 2nd quarter valued at about $32,000. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC grew its position in Amazon.com by 1,900.0% in the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $96.20 on Thursday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The business has a 50 day simple moving average of $96.42 and a 200-day simple moving average of $101.95. The stock has a market capitalization of $985.79 billion, a PE ratio of -356.30, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same quarter last year, the company earned $1.39 EPS. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wolfe Research lifted their target price on Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Evercore ISI lifted their target price on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Oppenheimer lifted their target price on Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Barclays lifted their target price on Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Finally, Wells Fargo & Company lowered their price objective on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock valued at $6,994,626 over the last quarter. Company insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.