35,462 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Trust Point Inc.

Trust Point Inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,462 shares of the e-commerce giant's stock, valued at approximately $5,388,000. Amazon.com comprises 0.4% of Trust Point Inc.'s investment portfolio, making the stock its 25th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LVZ Inc. increased its position in shares of Amazon.com by 3.8% in the fourth quarter. LVZ Inc. now owns 13,111 shares of the e-commerce giant's stock worth $1,992,000 after acquiring an additional 485 shares in the last quarter. North Point Portfolio Managers Corp OH increased its position in shares of Amazon.com by 1.1% in the fourth quarter. North Point Portfolio Managers Corp OH now owns 103,873 shares of the e-commerce giant's stock worth $15,782,000 after acquiring an additional 1,124 shares in the last quarter. BetterWealth LLC increased its position in shares of Amazon.com by 5.9% in the fourth quarter. BetterWealth LLC now owns 7,576 shares of the e-commerce giant's stock worth $1,151,000 after acquiring an additional 420 shares in the last quarter. StrategIQ Financial Group LLC increased its position in shares of Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant's stock worth $3,534,000 after acquiring an additional 66 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Amazon.com by 5.0% in the fourth quarter. Venturi Wealth Management LLC now owns 41,919 shares of the e-commerce giant's stock valued at $6,369,000 after purchasing an additional 1,997 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company's stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 938,251,817 shares of the company's stock, valued at approximately $156,491,020,557.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company's stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. Company insiders own 12.30% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded down $2.06 during trading hours on Thursday, reaching $179.22. The stock had a trading volume of 30,665,149 shares, compared to its average volume of 42,816,766. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The firm has a 50-day simple moving average of $177.28 and a 200-day simple moving average of $156.52. The firm has a market capitalization of $1.86 trillion, a PE ratio of 61.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. During the same quarter last year, the company earned $0.21 EPS. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. JMP Securities upped their target price on shares of Amazon.com from $175.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Moffett Nathanson restated a "buy" rating and issued a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. UBS Group upped their target price on shares of Amazon.com from $180.00 to $198.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Wells Fargo & Company upped their target price on shares of Amazon.com from $211.00 to $217.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada upped their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $202.80.

About Amazon.com

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.