MBA Advisors LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

MBA Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,915 shares of the e-commerce giant’s stock after buying an additional 1,056 shares during the quarter. MBA Advisors LLC’s holdings in Amazon.com were worth $899,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. Mayflower Financial Advisors LLC grew its holdings in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares in the last quarter. PayPay Securities Corp grew its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. Laurel Wealth Planning LLC grew its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in Amazon.com in the 4th quarter valued at $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com during the 1st quarter worth $38,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,874,846 in the last quarter. 12.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. Roth Mkm increased their price target on Amazon.com from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets began coverage on Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target for the company. JMP Securities increased their price target on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Benchmark increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC increased their price target on Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $201.43.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $186.13 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $98.71 and a fifty-two week high of $189.77. The firm has a market capitalization of $1.93 trillion, a PE ratio of 64.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16. The stock’s 50-day simple moving average is $176.33 and its 200-day simple moving average is $154.98.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.