Anchor Pointe Wealth Management LLC Purchases New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Anchor Pointe Wealth Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,268 shares of the e-commerce giant's stock, valued at approximately $1,166,000. Amazon.com makes up 1.5% of Anchor Pointe Wealth Management LLC's investment portfolio, making the stock its 22nd largest holding.

Several other large investors have also made changes to their positions in the company. SpringVest Wealth Management LLC acquired a new stake in Amazon.com during the 4th quarter worth $275,000. Old North State Trust LLC lifted its position in Amazon.com by 1.8% during the 4th quarter. Old North State Trust LLC now owns 7,050 shares of the e-commerce giant's stock worth $1,547,000 after buying an additional 123 shares in the last quarter. Mattson Financial Services LLC increased its position in shares of Amazon.com by 8.6% during the 4th quarter. Mattson Financial Services LLC now owns 45,841 shares of the e-commerce giant's stock worth $10,057,000 after purchasing an additional 3,649 shares during the last quarter. Bannerman Wealth Management Group LLC bought a new position in shares of Amazon.com in the 4th quarter valued at about $1,545,000. Finally, Alpha Wealth Funds LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $237,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Raymond James reaffirmed an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. JPMorgan Chase & Co. boosted their target price on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday. Barclays lowered their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Cantor Fitzgerald lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $213.57 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. 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 company has a market cap of $2.27 trillion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company's 50 day moving average is $191.84 and its 200 day moving average is $208.75.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is 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.

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