Amazon.com, Inc. (AMZN) is Belpointe Asset Management LLC’s 9th Largest Position

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Belpointe Asset Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 77.3% during the third quarter, Holdings Channel reports. The institutional investor owned 4,790 shares of the e-commerce giant’s stock after buying an additional 2,089 shares during the quarter. Amazon.com makes up about 1.5% of Belpointe Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Belpointe Asset Management LLC’s holdings in Amazon.com were worth $9,594,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its stake in Amazon.com by 3.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 162,532 shares of the e-commerce giant’s stock valued at $276,272,000 after purchasing an additional 5,499 shares in the last quarter. Vishria Bird Financial Group LLC purchased a new stake in Amazon.com during the second quarter valued at $9,225,000. Bank of Hawaii raised its stake in Amazon.com by 22.6% during the second quarter. Bank of Hawaii now owns 3,738 shares of the e-commerce giant’s stock valued at $6,354,000 after purchasing an additional 690 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amazon.com by 5.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 156,363 shares of the e-commerce giant’s stock valued at $265,785,000 after purchasing an additional 7,524 shares in the last quarter. Finally, GW Henssler & Associates Ltd. raised its stake in Amazon.com by 11.3% during the second quarter. GW Henssler & Associates Ltd. now owns 511 shares of the e-commerce giant’s stock valued at $869,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 55.22% of the company’s stock.

AMZN stock opened at $1,712.36 on Monday. The stock has a market capitalization of $841.12 billion, a P/E ratio of 85.02, a P/E/G ratio of 2.33 and a beta of 1.62. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The company had revenue of $72.38 billion for the quarter, compared to analysts’ expectations of $71.73 billion. During the same period in the prior year, the business earned $2.16 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 26.72 EPS for the current fiscal year.

In other Amazon.com news, SVP Jeffrey M. Blackburn sold 2,055 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the transaction, the senior vice president now directly owns 46,596 shares in the company, valued at approximately $75,314,978.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the transaction, the director now owns 7,861 shares in the company, valued at $12,593,322. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,075 shares of company stock worth $8,180,428. 16.30% of the stock is owned by company insiders.

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $2,100.00 price target on shares of Amazon.com in a research note on Monday, December 3rd. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, December 4th. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, December 4th. Guggenheim reissued a “buy” rating and issued a $2,000.00 target price on shares of Amazon.com in a research note on Thursday, January 31st. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Friday, February 1st. Five research analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $2,118.63.

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About Amazon.com

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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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