Single Point Partners LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Single Point Partners LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 34.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,922 shares of the e-commerce giant’s stock after acquiring an additional 1,273 shares during the period. Single Point Partners LLC’s holdings in Amazon.com were worth $748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. King Wealth grew its holdings in Amazon.com by 4.6% during the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after acquiring an additional 1,296 shares during the period. Ascension Asset Management LLC acquired a new position in shares of Amazon.com during the 2nd quarter worth $2,001,000. Register Financial Advisors LLC increased its holdings in shares of Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after purchasing an additional 148 shares during the period. Finally, Westchester Capital Management Inc. boosted its holdings in Amazon.com by 0.6% during the second quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock worth $3,682,000 after buying an additional 170 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. UBS Group increased their target price on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JMP Securities lifted their price objective on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Piper Sandler upped their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Evercore ISI lifted their price target on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Mizuho boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $197.95.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,210,510 shares of company stock valued at $5,505,223,106. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 0.9 %

Shares of AMZN stock opened at $179.83 on Thursday. Amazon.com, Inc. has a fifty-two week low of $96.29 and a fifty-two week high of $181.41. The firm’s 50 day moving average price is $169.73 and its two-hundred day moving average price is $151.07. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 62.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the company posted $0.21 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 4.08 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.