Pointe Capital Management LLC reduces its position in Amazon.com, Inc. (NASDAQ:AMZN)

Pointe Capital Management LLC has reduced its position in Amazon.com, Inc., according to its latest filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN – Free Report) up 5.7% in the fourth quarter. The company owned 11,989 shares of the e-commerce giant after selling 731 shares during the quarter. Amazon.com is about 1.3% of Pointe Capital Management LLC, making it the 17th-largest holding. At the end of the last quarter, Pointe Capital Management LLC’s stake in Amazon.com was worth $1,822,000.

Other institutional investors also increased or decreased their stakes in the company. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after acquiring an additional 62 shares during the period. Socha Financial Group LLC increased its exposure to shares of Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Lake Hills Wealth Management LLC increased its holdings in shares of Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after purchasing an additional 65 shares during the period. Veery Capital LLC increased its holdings in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares in the last quarter. Finally, Bellwether Advisors LLC increased its position in Amazon.com by 2.3% in the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 66 shares during the period. Institutional investors hold 72.20% of the company’s shares.

Insiders place their bets

In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the completion of the sale, the CEO now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The transaction was disclosed in a document filed with the SEC, which can be accessed at this hyperlink. In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of USD 180.00, for a total transaction amount of USD 9,000,000.00. Following the transaction, the CEO now directly owns 1,994,182 shares of the company’s stock valued at $358,952,760. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, Director Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $1,000,080.00. Following the transaction, the director now owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The announcement of this sale can be found here. Over the last three months, insiders sold 117,894 shares of company stock worth $21,363,909. Insiders own 10.80% of the company’s shares.

Changes in analyst ratings

Many research analysts have rated the stock. Loop Capital raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6. Morgan Stanley raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. BMO Capital Markets raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird raised their price target on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-four gave a buy rating and one gave a strong buy rating to the company’s shares. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $211.62.

Check out our latest stock analysis on Amazon.com

Amazon.com stock performance

Amazon.com shares opened on Monday at $180.75. The company has a market capitalization of $1.88 trillion, a P/E ratio of 50.63, a P/E/G ratio of 1.29 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. it has a 52-week low of $114.31 and a 52-week high of $191.70. The company’s 50-day moving average is $182.04 and its two-hundred-day moving average is $166.39.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the consensus estimate of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter increased 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. Analysts predict that Amazon.com, Inc. will report 4.72 EPS for the current financial year.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Insiders place their bets

Changes in analyst ratings

Amazon.com stock performance

Amazon.com profile

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