Redpoint Investment Management Pty Ltd Has $36.99 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Redpoint Investment Management Pty Ltd grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,358 shares of the e-commerce giant’s stock after acquiring an additional 865 shares during the quarter. Amazon.com accounts for approximately 3.8% of Redpoint Investment Management Pty Ltd’s investment portfolio, making the stock its 2nd biggest position. Redpoint Investment Management Pty Ltd’s holdings in Amazon.com were worth $36,992,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Baron Financial Group LLC bought a new stake in Amazon.com during the third quarter worth about $31,000. Newfound Research LLC bought a new stake in Amazon.com during the third quarter worth about $41,000. Rocky Mountain Advisers LLC bought a new stake in Amazon.com during the third quarter worth about $54,000. Pacific Financial Group Inc. bought a new stake in Amazon.com during the third quarter worth about $54,000. Finally, Advisory Alpha LLC lifted its position in Amazon.com by 3.8% during the third quarter. Advisory Alpha LLC now owns 379 shares of the e-commerce giant’s stock worth $83,000 after purchasing an additional 14 shares during the period. 56.39% of the stock is owned by institutional investors.

In other Amazon.com news, Director Jonathan Rubinstein sold 314 shares of the stock in a transaction that occurred on Tuesday, January 5th. The stock was sold at an average price of $3,166.01, for a total transaction of $994,127.14. Following the transaction, the director now directly owns 6,758 shares in the company, valued at approximately $21,395,895.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 293 shares of the stock in a transaction on Monday, November 16th. The stock was sold at an average price of $3,085.62, for a total value of $904,086.66. Following the completion of the transaction, the vice president now owns 6,282 shares in the company, valued at $19,383,864.84. The disclosure for this sale can be found here. Insiders have sold a total of 14,927 shares of company stock worth $46,256,596 over the last 90 days. Company insiders own 16.10% of the company’s stock.

Amazon.com stock opened at $3,165.89 on Thursday. The stock has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 92.71, a PEG ratio of 2.43 and a beta of 1.19. Amazon.com, Inc. has a 52-week low of $1,626.03 and a 52-week high of $3,552.25. The stock’s 50 day moving average price is $3,186.56 and its two-hundred day moving average price is $3,160.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.41 by $4.96. The firm had revenue of $96.15 billion for the quarter, compared to analysts’ expectations of $92.56 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.23 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 34.56 EPS for the current year.

Several equities research analysts recently weighed in on AMZN shares. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $3,750.00 to $4,000.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. BidaskClub cut shares of Amazon.com from a “hold” rating to a “sell” rating in a report on Saturday, December 12th. Smith Barney Citigroup increased their target price on shares of Amazon.com from $3,550.00 to $3,600.00 in a report on Tuesday, November 3rd. Wedbush increased their target price on shares of Amazon.com from $3,700.00 to $3,900.00 in a report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $4,000.00 to $4,050.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-seven have given a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $3,645.47.

Amazon.com Profile

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

Further Reading: Outstanding Shares and The Effect on Share Price

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

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