VisionPoint Advisory Group LLC Purchases 2,153 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

VisionPoint Advisory Group LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,291 shares of the e-commerce giant’s stock after purchasing an additional 2,153 shares during the period. VisionPoint Advisory Group LLC’s holdings in Amazon.com were worth $2,046,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Outfitter Financial LLC boosted its holdings in Amazon.com by 10.2% in the fourth quarter. Outfitter Financial LLC now owns 21,140 shares of the e-commerce giant’s stock worth $4,638,000 after purchasing an additional 1,964 shares during the last quarter. Capital Advisory Group Advisory Services LLC increased its holdings in shares of Amazon.com by 4.1% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 12,803 shares of the e-commerce giant’s stock worth $2,809,000 after buying an additional 503 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in Amazon.com by 2.2% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 822,155 shares of the e-commerce giant’s stock valued at $180,373,000 after purchasing an additional 17,864 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Amazon.com in the 4th quarter valued at about $51,000. Finally, Paradigm Asset Management Co. LLC lifted its position in shares of Amazon.com by 132.8% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 15,250 shares of the e-commerce giant’s stock worth $3,346,000 after purchasing an additional 8,700 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $196.21 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.08 trillion, a P/E ratio of 35.48, a P/E/G ratio of 1.50 and a beta of 1.19. The stock’s fifty day moving average is $218.90 and its two-hundred day moving average is $208.19.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Benchmark raised their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada upped their price objective on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group increased their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Two equities research 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, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.65.

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.