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Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Belpointe Asset Management LLC

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Belpointe Asset Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 14.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,719 shares of the e-commerce giant’s stock after buying an additional 1,586 shares during the period. Amazon.com accounts for 2.5% of Belpointe Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Belpointe Asset Management LLC’s holdings in Amazon.com were worth $41,461,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Acas LLC raised its holdings in shares of Amazon.com by 4.4% in the 1st quarter. Acas LLC now owns 1,108 shares of the e-commerce giant’s stock valued at $3,612,000 after buying an additional 47 shares during the period. 4J Wealth Management LLC increased its holdings in shares of Amazon.com by 3.9% in the 1st quarter. 4J Wealth Management LLC now owns 797 shares of the e-commerce giant’s stock valued at $2,598,000 after acquiring an additional 30 shares during the last quarter. MADDEN SECURITIES Corp increased its holdings in shares of Amazon.com by 14.7% in the 1st quarter. MADDEN SECURITIES Corp now owns 4,900 shares of the e-commerce giant’s stock valued at $15,974,000 after acquiring an additional 629 shares during the last quarter. Edmp Inc. increased its holdings in shares of Amazon.com by 17.3% in the 1st quarter. Edmp Inc. now owns 319 shares of the e-commerce giant’s stock valued at $1,040,000 after acquiring an additional 47 shares during the last quarter. Finally, Element Wealth LLC boosted its position in shares of Amazon.com by 14.8% in the 1st quarter. Element Wealth LLC now owns 186 shares of the e-commerce giant’s stock valued at $606,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 72.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JMP Securities decreased their price objective on Amazon.com from $180.00 to $172.50 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. Rosenblatt Securities started coverage on Amazon.com in a research note on Tuesday, April 19th. They issued a “neutral” rating and a $150.00 price objective for the company. Loop Capital dropped their price objective on Amazon.com from $187.50 to $141.25 and set a “buy” rating for the company in a research note on Friday, May 27th. TheStreet downgraded Amazon.com from a “b” rating to a “c+” rating in a research report on Thursday, April 28th. Finally, DA Davidson decreased their price objective on Amazon.com from $195.00 to $156.25 in a report on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and forty have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.52.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the sale, the chief executive officer now directly owns 92,781 shares in the company, valued at $209,870,622. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the chief executive officer now owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,803 shares of company stock worth $10,528,337. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $122.28 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $113.59 and a two-hundred day moving average of $135.51. The company has a market cap of $1.24 trillion, a P/E ratio of 59.03, a PEG ratio of 4.38 and a beta of 1.25. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $116.44 billion for the quarter, compared to analyst estimates of $116.52 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 1.12 EPS for the current year.

Amazon.com Profile

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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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