NovaPoint Capital LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

NovaPoint Capital LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,838 shares of the e-commerce giant's stock after buying an additional 1,134 shares during the quarter. NovaPoint Capital LLC's holdings in Amazon.com were worth $1,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Tallon Kerry Patrick bought a new position in Amazon.com during the 4th quarter valued at approximately $800,000. LaFleur & Godfrey LLC increased its position in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC increased its position in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG increased its position in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. Cantor Fitzgerald raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Piper Sandler set a $250.00 target price on Amazon.com and gave the stock an "overweight" rating in a report on Friday, July 11th. Mizuho reduced their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. DA Davidson reduced their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Westpark Capital reissued a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $254.33.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223 over the last three months. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $231.44 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.46 trillion, a P/E ratio of 37.69, a PEG ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a 50-day moving average price of $215.66 and a 200 day moving average price of $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com 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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