SignalPoint Asset Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,915.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,382 shares of the e-commerce giant's stock after acquiring an additional 29,825 shares during the quarter. Amazon.com accounts for 1.2% of SignalPoint Asset Management LLC's portfolio, making the stock its 14th largest position. SignalPoint Asset Management LLC's holdings in Amazon.com were worth $3,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently bought and sold shares of the stock. Savior LLC grew its holdings in shares of Amazon.com by 1,085.0% during the second quarter. Savior LLC now owns 237 shares of the e-commerce giant's stock worth $25,000 after purchasing an additional 217 shares during the last quarter. West Financial Advisors LLC grew its holdings in shares of Amazon.com by 1,584.2% during the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant's stock worth $34,000 after purchasing an additional 301 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com in the first quarter valued at about $38,000. Cardinal Capital Management Inc. boosted its holdings in Amazon.com by 2,700.0% in the second quarter. Cardinal Capital Management Inc. now owns 420 shares of the e-commerce giant's stock valued at $45,000 after acquiring an additional 405 shares during the last quarter. Finally, Johnson Midwest Financial LLC boosted its holdings in Amazon.com by 1,987.0% in the second quarter. Johnson Midwest Financial LLC now owns 480 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 457 shares during the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.
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Analysts Set New Price Targets
Several research firms recently issued reports on AMZN. Barclays raised their price target on Amazon.com from $195.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, July 29th. Jefferies Financial Group reiterated a "buy" rating and issued a $165.00 price target on shares of Amazon.com in a report on Wednesday, October 5th. Piper Sandler raised their price target on Amazon.com from $170.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, July 29th. Credit Suisse Group cut their target price on Amazon.com from $170.00 to $159.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Redburn Partners began coverage on Amazon.com in a research note on Wednesday, June 29th. They issued a "buy" rating and a $270.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $175.35.
Amazon.com Stock Up 1.8 %
AMZN stock opened at $117.38 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $124.21 and a two-hundred day moving average price of $123.48. The company has a market cap of $1.20 trillion, a price-to-earnings ratio of 105.23, a P/E/G ratio of 5.41 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business's revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 0.94 EPS for the current fiscal year.
Insider Transactions at Amazon.com
In related news, major shareholder Amazon Com Inc sold 250,000 shares of the business's stock in a transaction on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now directly owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company's stock, valued at approximately $269,212,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Amazon Com Inc sold 250,000 shares of Amazon.com stock in a transaction on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the transaction, the insider now directly owns 14,178,445 shares of the company's stock, valued at $334,753,086.45. The disclosure for this sale can be found here. In the last three months, insiders sold 321,668 shares of company stock worth $15,823,040. 12.70% of the stock is owned by company insiders.
About Amazon.com
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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