DecisionPoint Financial LLC Purchases 1,286 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

DecisionPoint Financial LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 36.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,802 shares of the e-commerce giant’s stock after purchasing an additional 1,286 shares during the quarter. Amazon.com makes up about 0.3% of DecisionPoint Financial LLC’s investment portfolio, making the stock its 20th largest position. DecisionPoint Financial LLC’s holdings in Amazon.com were worth $1,054,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB lifted its holdings in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management raised its position in Amazon.com by 12.0% in the 3rd quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 3,560 shares of the e-commerce giant’s stock worth $663,000 after purchasing an additional 381 shares during the period. Pinnacle Bancorp Inc. lifted its stake in Amazon.com by 19.3% in the third quarter. Pinnacle Bancorp Inc. now owns 29,241 shares of the e-commerce giant’s stock worth $5,448,000 after purchasing an additional 4,721 shares during the last quarter. LifePro Asset Management boosted its position in Amazon.com by 74.3% during the third quarter. LifePro Asset Management now owns 6,484 shares of the e-commerce giant’s stock valued at $1,208,000 after buying an additional 2,765 shares during the period. Finally, Watts Gwilliam & Co. LLC bought a new position in shares of Amazon.com during the third quarter valued at about $6,056,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN opened at $199.25 on Friday. The stock’s fifty day moving average price is $224.11 and its 200-day moving average price is $206.61. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.11 trillion, a P/E ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMZN. Wedbush reissued an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. HSBC boosted their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Mizuho raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Tigress Financial upped their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,649 shares of company stock worth $23,871,905 over the last 90 days. 10.80% of the stock is currently owned by insiders.

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.