NovaPoint Capital LLC Sells 140 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Sep 25th, 2023

NovaPoint Capital LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,239 shares of the e-commerce giant’s stock after selling 140 shares during the period. NovaPoint Capital LLC’s holdings in Amazon.com were worth $683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. RDA Financial Network raised its stake in Amazon.com by 1.7% in the second quarter. RDA Financial Network now owns 31,599 shares of the e-commerce giant’s stock valued at $4,119,000 after buying an additional 523 shares during the period. Aprio Wealth Management LLC raised its stake in Amazon.com by 17.6% in the second quarter. Aprio Wealth Management LLC now owns 5,401 shares of the e-commerce giant’s stock valued at $704,000 after buying an additional 807 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Amazon.com by 1.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,023 shares of the e-commerce giant’s stock valued at $296,051,000 after buying an additional 36,616 shares during the period. Lynch & Associates IN raised its stake in Amazon.com by 2.2% in the second quarter. Lynch & Associates IN now owns 10,809 shares of the e-commerce giant’s stock valued at $1,409,000 after buying an additional 230 shares during the period. Finally, SJS Investment Consulting Inc. raised its stake in Amazon.com by 2.7% in the second quarter. SJS Investment Consulting Inc. now owns 9,841 shares of the e-commerce giant’s stock valued at $1,283,000 after buying an additional 255 shares during the period. Institutional investors own 57.96% of the company’s stock.

Amazon.com Stock Down 0.2 %

Shares of NASDAQ:AMZN opened at $129.12 on Monday. The firm has a market cap of $1.33 trillion, a P/E ratio of 101.67, a P/E/G ratio of 1.71 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $145.86. The business has a fifty day simple moving average of $135.38 and a 200 day simple moving average of $120.67.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.29. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. Analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays upped their price objective on Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Roth Mkm increased their target price on Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 target price on shares of Amazon.com in a research note on Thursday. Rosenblatt Securities upgraded Amazon.com from a “neutral” rating to a “buy” rating and increased their target price for the stock from $111.00 to $184.00 in a research note on Friday, August 4th. Finally, DA Davidson reiterated a “buy” rating and set a $150.00 target price on shares of Amazon.com in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $161.22.

Get Our Latest Analysis on Amazon.com

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $128.17, for a total value of $64,085.00. Following the completion of the transaction, the chief executive officer now directly owns 150,780 shares of the company’s stock, valued at $19,325,472.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,408,645 shares of company stock valued at $55,223,448. Corporate insiders own 12.30% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.