Amazon.com, Inc. (NASDAQ:AMZN) is North Point Portfolio Managers Corp OH’s 5th Largest Position

North Point Portfolio Managers Corp OH lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,943 shares of the e-commerce giant’s stock after selling 1,848 shares during the period. Amazon.com makes up approximately 3.9% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 5th largest position. North Point Portfolio Managers Corp OH’s holdings in Amazon.com were worth $22,585,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC grew its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter valued at about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter worth about $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com in the third quarter worth about $56,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after buying an additional 3,055 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $228.68 on Friday. The company has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The company’s 50-day simple moving average is $228.21 and its two-hundred day simple moving average is $202.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AMZN shares. Jefferies Financial Group increased their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Susquehanna upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Loop Capital upped their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $260.74.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,848 shares of company stock valued at $11,368,639. 10.80% of the stock is currently owned by corporate 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.