Centerpoint Advisory Group Invests $2.28 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Centerpoint Advisory Group bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 10,383 shares of the e-commerce giant’s stock, valued at approximately $2,278,000. Amazon.com accounts for approximately 2.2% of Centerpoint Advisory Group’s investment portfolio, making the stock its 14th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares during the period. Parnassus Investments LLC increased its position in shares of Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after acquiring an additional 11,391,479 shares during the period. State Street Corp increased its position in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the period. Geode Capital Management LLC increased its position in shares of Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in shares of Amazon.com by 23,742.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after acquiring an additional 5,081,217 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.1 %

Shares of AMZN stock opened at $197.95 on Friday. The company has a 50 day simple moving average of $221.65 and a two-hundred day simple moving average of $207.50. 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 $2.10 trillion, a P/E ratio of 35.80, 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 issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Benchmark boosted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Loop Capital boosted their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Tigress Financial boosted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is owned by insiders.

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.