Amazon.com, Inc. (NASDAQ:AMZN) is SignalPoint Asset Management LLC’s 7th Largest Position

SignalPoint Asset Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,839 shares of the e-commerce giant’s stock after selling 952 shares during the quarter. Amazon.com makes up 1.6% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. SignalPoint Asset Management LLC’s holdings in Amazon.com were worth $5,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Amazon.com by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after buying an additional 13,134,632 shares during the last quarter. FMR LLC raised its position 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 buying an additional 21,649,871 shares during the last quarter. Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at $17,700,551,000. Northern Trust Corp raised its position in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after buying an additional 3,260,411 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Amazon.com by 2.5% during the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $185.57 on Tuesday. The business has a 50 day moving average of $182.82 and a 200 day moving average of $172.00. The company has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 51.98, a PEG ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares in the company, valued at $19,836,000. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. BMO Capital Markets raised their target price on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Truist Financial raised their target price on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company raised their target price on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Evercore ISI raised their target price on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $215.37.

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.