Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,773 shares of the e-commerce giant’s stock after selling 42,182 shares during the quarter. Amazon.com comprises approximately 1.0% of Belpointe Asset Management LLC’s holdings, making the stock its 13th biggest holding. Belpointe Asset Management LLC’s holdings in Amazon.com were worth $17,369,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $27,000. Retirement Financial Solutions LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $32,000. Laurel Wealth Planning LLC lifted its holdings in shares of Amazon.com by 1,900.0% during 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. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at $38,000. Finally, Cowa LLC acquired a new position in shares of Amazon.com during the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Trading Up 1.5 %

Amazon.com stock opened at $116.75 on Thursday. The firm has a 50 day simple moving average of $104.89 and a 200-day simple moving average of $97.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market capitalization of $1.20 trillion, a PE ratio of 277.98, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMZN shares. DA Davidson lifted their target price on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Telsey Advisory Group restated an “outperform” rating and set a $125.00 target price on shares of Amazon.com in a report on Thursday, April 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. StockNews.com started coverage on shares of Amazon.com in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Morgan Stanley lifted their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $13,846,568. 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 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 2,299 shares of the stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The disclosure for this sale can be found here. Insiders sold 75,144 shares of company stock worth $8,405,887 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

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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.