MBM Wealth Consultants LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

MBM Wealth Consultants LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the third quarter, Holdings Channel reports. The institutional investor owned 5,710 shares of the e-commerce giant’s stock after buying an additional 1,081 shares during the period. MBM Wealth Consultants LLC’s holdings in Amazon.com were worth $662,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AMZN. MV Capital Management Inc. grew its stake in shares of Amazon.com by 46.9% during the 3rd quarter. MV Capital Management Inc. now owns 8,739 shares of the e-commerce giant’s stock worth $988,000 after purchasing an additional 2,789 shares during the period. WP Advisors LLC grew its stake in shares of Amazon.com by 7.2% during the 3rd quarter. WP Advisors LLC now owns 48,630 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 3,260 shares during the period. First City Capital Management Inc. grew its stake in shares of Amazon.com by 14.0% during the 3rd quarter. First City Capital Management Inc. now owns 18,252 shares of the e-commerce giant’s stock worth $2,062,000 after purchasing an additional 2,240 shares during the period. Granite Bay Wealth Management LLC grew its stake in shares of Amazon.com by 1.2% during the 3rd quarter. Granite Bay Wealth Management LLC now owns 34,414 shares of the e-commerce giant’s stock worth $3,889,000 after purchasing an additional 413 shares during the period. Finally, Calamos Wealth Management LLC grew its stake in shares of Amazon.com by 7.7% during the 3rd quarter. Calamos Wealth Management LLC now owns 223,054 shares of the e-commerce giant’s stock worth $25,205,000 after purchasing an additional 15,953 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. DA Davidson lowered their price target on shares of Amazon.com to $114.00 in a research note on Thursday, December 1st. Evercore ISI lowered their price objective on shares of Amazon.com from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, December 19th. Cowen increased their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, December 1st. Mizuho lowered their price objective on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Finally, Needham & Company LLC lowered their price objective on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.29.

Amazon.com Stock Up 3.0 %

AMZN stock opened at $98.12 on Friday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.00 trillion, a P/E ratio of 90.06, a PEG ratio of 3.03 and a beta of 1.22. The firm has a 50 day simple moving average of $90.39 and a 200-day simple moving average of $110.73.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same period in the previous year, the business posted $0.31 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,259,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,948 shares of company stock valued at $5,135,922. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.