Graypoint LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Graypoint LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 84,128 shares of the e-commerce giant’s stock after acquiring an additional 1,307 shares during the quarter. Amazon.com makes up approximately 1.1% of Graypoint LLC’s holdings, making the stock its 20th biggest holding. Graypoint LLC’s holdings in Amazon.com were worth $18,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stelac Advisory Services LLC increased its position in Amazon.com by 3.4% during the 2nd quarter. Stelac Advisory Services LLC now owns 4,924 shares of the e-commerce giant’s stock worth $952,000 after purchasing an additional 164 shares in the last quarter. Smith Salley Wealth Management increased its position in shares of Amazon.com by 6.7% in the second quarter. Smith Salley Wealth Management now owns 235,717 shares of the e-commerce giant’s stock worth $45,552,000 after acquiring an additional 14,769 shares in the last quarter. Braun Stacey Associates Inc. raised its stake in shares of Amazon.com by 2.3% in the 2nd quarter. Braun Stacey Associates Inc. now owns 524,412 shares of the e-commerce giant’s stock valued at $101,342,000 after acquiring an additional 11,570 shares during the period. Callahan Advisors LLC lifted its holdings in shares of Amazon.com by 2.7% during the 2nd quarter. Callahan Advisors LLC now owns 206,272 shares of the e-commerce giant’s stock valued at $39,862,000 after acquiring an additional 5,350 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE purchased a new stake in Amazon.com during the 2nd quarter worth $464,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 2.1 %

NASDAQ:AMZN opened at $230.71 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $233.00. The business has a fifty day moving average of $218.30 and a 200-day moving average of $196.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 49.40, a PEG ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Equities analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. DA Davidson reiterated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Piper Sandler upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.85.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.