Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by BluePointe Capital Management LLC

BluePointe Capital Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,224 shares of the e-commerce giant's stock after acquiring an additional 3,009 shares during the period. Amazon.com makes up approximately 2.3% of BluePointe Capital Management LLC's portfolio, making the stock its 13th biggest holding. BluePointe Capital Management LLC's holdings in Amazon.com were worth $3,998,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AMZN. Certus Wealth Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $234,000. Northwest & Ethical Investments L.P. boosted its stake in shares of Amazon.com by 47.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 278,489 shares of the e-commerce giant's stock worth $61,096,000 after acquiring an additional 89,634 shares in the last quarter. Berkshire Capital Holdings Inc. increased its stake in Amazon.com by 799,000.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 79,910 shares of the e-commerce giant's stock valued at $17,531,000 after purchasing an additional 79,900 shares in the last quarter. Symmetry Partners LLC boosted its position in Amazon.com by 7.2% during the fourth quarter. Symmetry Partners LLC now owns 11,008 shares of the e-commerce giant's stock worth $2,415,000 after purchasing an additional 739 shares in the last quarter. Finally, Maestria Partners LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth about $27,292,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $5.17 during trading on Thursday, hitting $185.77. 28,096,849 shares of the company traded hands, compared to its average volume of 41,884,605. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a one year low of $151.61 and a one year 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 business's fifty day moving average is $195.11 and its 200-day moving average is $207.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMZN shares. Bank of America dropped their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Citizens Jmp lowered their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Raymond James reissued an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research report on Monday. Finally, DA Davidson reduced their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $247.56.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

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.