274,182 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 274,182 shares of the e-commerce giant’s stock, valued at approximately $41,659,000. Amazon.com makes up approximately 3.1% of HighPoint Advisor Group LLC’s holdings, making the stock its 3rd largest holding.

A number of other hedge funds have also modified their holdings of AMZN. Cooksen Wealth LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $43,000. Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $46,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Oppenheimer boosted their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Raymond James boosted their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $213.82.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares in the company, valued at $19,836,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,838 shares of company stock worth $11,984,344. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.9 %

NASDAQ:AMZN traded down $1.62 during mid-day trading on Tuesday, reaching $182.44. 3,564,445 shares of the company’s stock traded hands, compared to its average volume of 41,541,113. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a 50 day moving average price of $182.90 and a 200-day moving average price of $170.62.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the business earned $0.31 EPS. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.72 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.