MWA Asset Management Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

MWA Asset Management raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,681 shares of the e-commerce giant’s stock after buying an additional 115 shares during the quarter. Amazon.com comprises approximately 2.8% of MWA Asset Management’s investment portfolio, making the stock its 4th biggest holding. MWA Asset Management’s holdings in Amazon.com were worth $3,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC raised its holdings in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp raised its holdings in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its holdings in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the 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 directly 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 through this link. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,213,510 shares of company stock worth $5,505,798,456. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $174.63 on Friday. The company has a market capitalization of $1.82 trillion, a PE ratio of 60.22, a P/E/G ratio of 1.57 and a beta of 1.16. The company has a 50 day simple moving average of $177.28 and a two-hundred day simple moving average of $156.83. 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 $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted 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 analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. Research analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Bank of America boosted their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Piper Sandler boosted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday. Susquehanna boosted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $202.80.

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.