MV Capital Management Inc. Purchases 2,789 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MV Capital Management Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 46.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,739 shares of the e-commerce giant’s stock after acquiring an additional 2,789 shares during the quarter. MV Capital Management Inc.’s holdings in Amazon.com were worth $988,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fiduciary Planning LLC lifted its holdings in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC lifted its holdings in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. lifted its holdings in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. lifted its holdings in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners lifted its holdings in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value 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 approximately $11,259,320. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value 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 approximately $11,259,320. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $112.20, for a total transaction of $58,344.00. Following the completion of the sale, the chief executive officer now directly owns 113,640 shares of the company’s stock, valued at approximately $12,750,408. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,948 shares of company stock valued at $5,135,922. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $98.12 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock has a market capitalization of $1.00 trillion, a P/E ratio of 90.06, a P/E/G ratio of 3.03 and a beta of 1.22. The company’s 50-day simple moving average is $90.39 and its two-hundred day simple moving average is $110.73. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the prior year, the company posted $0.31 EPS. Amazon.com’s revenue was up 14.7% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 0.69 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Cowen lowered their price target on shares of Amazon.com from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday. Tigress Financial lowered their target price on shares of Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Needham & Company LLC lowered their target price 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. Morgan Stanley lowered their target price on shares of Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Finally, Wedbush lowered their target price on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.29.

About Amazon.com

(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.