Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by NovaPoint Capital LLC

NovaPoint Capital LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,846 shares of the e-commerce giant’s stock after buying an additional 519 shares during the quarter. NovaPoint Capital LLC’s holdings in Amazon.com were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. State Street Corp raised its holdings in shares of Amazon.com by 1.2% in the 2nd quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock worth $43,784,000,000 after purchasing an additional 3,970,330 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC raised its holdings in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Amazon.com by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after purchasing an additional 4,842,542 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The disclosure for this sale can be found here. In the last three months, insiders sold 32,210,510 shares of company stock valued at $5,505,223,106. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on AMZN shares. Canaccord Genuity Group boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Robert W. Baird boosted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. BMO Capital Markets initiated coverage on shares of Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target on the stock. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Roth Mkm boosted their price target on shares of Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $198.09.

Read Our Latest Analysis on AMZN

Amazon.com Price Performance

NASDAQ AMZN opened at $180.97 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $171.33 and a 200 day simple moving average of $151.85. The company has a market cap of $1.88 trillion, a P/E ratio of 62.40, a P/E/G ratio of 1.57 and a beta of 1.17. Amazon.com, Inc. has a 1 year low of $97.71 and a 1 year high of $183.00.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current year.

About Amazon.com

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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