Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Single Point Partners LLC

Single Point Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,009 shares of the e-commerce giant’s stock after purchasing an additional 87 shares during the period. Single Point Partners LLC’s holdings in Amazon.com were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AMZN. Norges Bank purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. lifted its stake 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 purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Amazon.com by 16,029.3% during the fourth 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 buying an additional 23,717,254 shares during the period. FMR LLC grew its stake in shares of Amazon.com by 7.7% in the third 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of 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 period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 over the last quarter. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group lifted their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley lifted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Citigroup increased their target price on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, Loop Capital increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $215.37.

Amazon.com Stock Up 0.4 %

AMZN stock opened at $186.34 on Wednesday. The stock has a market capitalization of $1.94 trillion, a PE ratio of 52.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a fifty day moving average of $182.88 and a 200-day moving average of $172.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Amazon.com Company Profile

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.