MRP Capital Investments LLC Has $2.02 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

MRP Capital Investments LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 140.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,190 shares of the e-commerce giant’s stock after purchasing an additional 9,459 shares during the quarter. MRP Capital Investments LLC’s holdings in Amazon.com were worth $2,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fiduciary Planning LLC grew 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 valued at $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC boosted its position in 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 purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. increased its position in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners boosted its holdings in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ AMZN opened at $170.53 on Thursday. The firm’s fifty day moving average is $153.39 and its 200 day moving average is $141.60. Amazon.com, Inc. has a 52 week low of $88.12 and a 52 week high of $172.50. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.77 trillion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.50 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 3.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the transaction, the chief executive officer now owns 2,064,055 shares in the company, valued at $294,458,086.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the completion of the transaction, the chief executive officer now directly owns 2,064,055 shares in the company, valued at approximately $294,458,086.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 10,756 shares of Amazon.com stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the sale, the chief executive officer now directly owns 117,904 shares in the company, valued at approximately $17,048,918.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,829 shares of company stock worth $8,885,713. 12.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on AMZN shares. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Roth Mkm upped their price objective on Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein increased their price objective on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. upped their price target on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Benchmark increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $197.95.

Get Our Latest Stock Analysis on AMZN

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.

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

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