Pointe Capital Management LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Pointe Capital Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,437 shares of the e-commerce giant’s stock after acquiring an additional 54 shares during the period. Amazon.com makes up approximately 1.4% of Pointe Capital Management LLC’s portfolio, making the stock its 13th largest position. Pointe Capital Management LLC’s holdings in Amazon.com were worth $2,509,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMZN. State Street Corp boosted its position in shares of Amazon.com by 3.3% during 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 buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 3.4% during the 3rd 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 last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Amazon.com by 3.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after acquiring an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock valued at $10,678,217,000 after purchasing an additional 1,980,663 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 4.3 %

Shares of NASDAQ:AMZN opened at $192.72 on Friday. The business’s 50 day moving average is $216.86 and its 200 day moving average is $208.87. The stock has a market cap of $2.04 trillion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. TD Cowen lifted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Raymond James upped their price objective on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Finally, Morgan Stanley boosted their price target on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $260.65.

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.