Main Street Research LLC Has $42.44 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Main Street Research LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 54.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 279,341 shares of the e-commerce giant’s stock after purchasing an additional 97,919 shares during the quarter. Amazon.com comprises about 3.4% of Main Street Research LLC’s portfolio, making the stock its 7th biggest holding. Main Street Research LLC’s holdings in Amazon.com were worth $42,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp boosted its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $57,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com during the 3rd quarter worth about $49,000. Finally, AM Squared Ltd acquired a new position in Amazon.com in the 3rd quarter valued at about $76,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ:AMZN opened at $186.21 on Monday. The business has a fifty day simple moving average of $179.02 and a 200 day simple moving average of $160.75. Amazon.com, Inc. has a 12-month low of $103.31 and a 12-month high of $189.77. The firm has a market cap of $1.94 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group boosted their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. BMO Capital Markets increased their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Susquehanna upped their price target on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $211.07.

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.