Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,285 shares of the e-commerce giant’s stock after purchasing an additional 8,457 shares during the period. Amazon.com comprises approximately 4.2% of HighPoint Advisor Group LLC’s portfolio, making the stock its 4th biggest holding. HighPoint Advisor Group LLC’s holdings in Amazon.com were worth $75,116,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. Swedbank AB grew its holdings in Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com during the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC grew its holdings in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after buying an additional 897 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock valued at $3,757,589,000 after buying an additional 984,570 shares in the last quarter. Finally, Prospera Private Wealth LLC grew its holdings in Amazon.com by 230.3% during the 3rd quarter. Prospera Private Wealth LLC now owns 28,774 shares of the e-commerce giant’s stock valued at $5,361,000 after buying an additional 20,063 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $184.42 on Thursday. The firm has a 50 day moving average of $191.39 and a 200 day moving average of $207.74. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted 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 net margin of 9.29% and a return on equity of 24.25%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMZN shares. Westpark Capital started coverage on Amazon.com in a report on Tuesday, April 1st. They set a “buy” rating and a $280.00 target price for the company. Rosenblatt Securities lifted their price target on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Raymond James reiterated an “outperform” rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Truist Financial dropped their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Stifel Nicolaus dropped their price target on Amazon.com from $275.00 to $248.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.50.

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.