Spirepoint Private Client LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Spirepoint Private Client LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 78,863 shares of the e-commerce giant's stock after purchasing an additional 1,771 shares during the period. Amazon.com comprises about 2.0% of Spirepoint Private Client LLC's investment portfolio, making the stock its 10th biggest position. Spirepoint Private Client LLC's holdings in Amazon.com were worth $15,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC grew its holdings in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new position in shares of Amazon.com during the 4th quarter valued at $12,014,000. Evergreen Capital Management LLC grew its holdings in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 0.3%

Shares of NASDAQ AMZN opened at $225.69 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.40 trillion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The firm has a 50-day moving average of $210.69 and a 200 day moving average of $208.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

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 business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares of the company's stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMZN shares. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the company a "buy" rating in a report on Tuesday, July 8th. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Rosenblatt Securities raised their price target on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Finally, Wells Fargo & Company raised their price target on shares of Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $249.42.

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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