Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Single Point Partners LLC

Single Point Partners LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,568 shares of the e-commerce giant’s stock after selling 1,950 shares during the quarter. Single Point Partners LLC’s holdings in Amazon.com were worth $636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dohj LLC grew its position in Amazon.com by 1.8% in the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after acquiring an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC purchased a new position in shares of Amazon.com during the third quarter worth $2,120,000. Obermeyer Wood Investment Counsel Lllp boosted its position in shares of Amazon.com by 1.2% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after buying an additional 3,840 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Amazon.com by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock worth $472,980,000 after buying an additional 32,781 shares during the period. Finally, West Coast Financial LLC purchased a new position in shares of Amazon.com during the third quarter worth $210,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $98.95 on Friday. The business’s 50 day simple moving average is $97.01 and its 200-day simple moving average is $101.53. The firm has a market capitalization of $1.01 trillion, a price-to-earnings ratio of -369.20, a price-to-earnings-growth ratio of 3.97 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wedbush lowered their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Barclays raised their price target on Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Evercore ISI increased their price objective on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a research note on Thursday. Finally, Morgan Stanley increased their price objective on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.72.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock worth $6,994,626 in the last ninety days. Insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.