Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Cedar Point Capital Partners LLC

Cedar Point Capital Partners LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,381 shares of the e-commerce giant’s stock after acquiring an additional 57 shares during the period. Cedar Point Capital Partners LLC’s holdings in Amazon.com were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com in the third quarter valued at $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the third quarter valued at $56,000. Finally, Harbor Investment Advisory LLC boosted its holdings in Amazon.com by 1.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after purchasing an additional 3,055 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus lifted their target price on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday. DA Davidson lifted their target price on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company decreased their price target on Amazon.com from $212.00 to $207.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Citigroup decreased their price target on Amazon.com from $275.00 to $273.00 and set a “buy” rating for the company in a report on Friday. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.20.

Amazon.com Stock Performance

NASDAQ AMZN opened at $229.15 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $226.93 and its two-hundred day moving average is $200.72. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 41.44, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts expect that Amazon.com, Inc. will post 6.24 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,850 shares of company stock valued at $6,168,581 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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.