DecisionPoint Financial LLC Has $489,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

DecisionPoint Financial LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 221.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,219 shares of the e-commerce giant’s stock after acquiring an additional 2,219 shares during the period. Amazon.com accounts for approximately 0.2% of DecisionPoint Financial LLC’s investment portfolio, making the stock its 27th biggest holding. DecisionPoint Financial LLC’s holdings in Amazon.com were worth $489,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. PayPay Securities Corp raised its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Amazon.com during the 4th quarter worth approximately $57,000. Authentikos Wealth Advisory LLC bought a new position in Amazon.com in the third quarter worth approximately $49,000. Finally, AM Squared Ltd acquired a new stake in Amazon.com in the third quarter valued at approximately $76,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $188.76 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $104.70 and a one year high of $189.94. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15. The business has a fifty day moving average price of $179.60 and a 200-day moving average price of $161.63.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AMZN shares. Oppenheimer upped their target price on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, UBS Group lifted their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $211.62.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 14,300 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the sale, the chief executive officer now directly owns 499,831 shares in the company, valued at approximately $87,470,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the transaction, the chief executive officer now owns 499,831 shares in the company, valued at $87,470,425. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,197,961 shares of company stock valued at $4,482,244,357. Corporate insiders own 10.80% of the company’s stock.

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.