Graypoint LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Graypoint LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the 2nd quarter, Holdings Channel reports. The firm owned 83,867 shares of the e-commerce giant’s stock after buying an additional 3,247 shares during the quarter. Amazon.com makes up about 1.1% of Graypoint LLC’s holdings, making the stock its 21st largest holding. Graypoint LLC’s holdings in Amazon.com were worth $16,207,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMZN. Cooksen Wealth LLC purchased a new position in Amazon.com during the fourth quarter worth approximately $30,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Clarity Asset Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $46,000. Steph & Co. acquired a new position in Amazon.com during the 1st quarter worth $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $187.97 on Friday. The stock has a fifty day moving average of $178.83 and a 200-day moving average of $182.48. The company has a market capitalization of $1.97 trillion, a PE ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMZN shares. Evercore ISI boosted their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Robert W. Baird increased their target price on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Roth Mkm lifted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Rosenblatt Securities upped their price objective on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $222.84.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,101,797 shares of company stock valued at $1,220,129,922 in the last quarter. Company insiders own 10.80% of the company’s stock.

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.