MBM Wealth Consultants LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

MBM Wealth Consultants LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, HoldingsChannel reports. The firm owned 8,578 shares of the e-commerce giant’s stock after purchasing an additional 48 shares during the period. Amazon.com makes up approximately 0.6% of MBM Wealth Consultants LLC’s holdings, making the stock its 25th biggest holding. MBM Wealth Consultants LLC’s holdings in Amazon.com were worth $1,889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiera Capital Corp grew its holdings in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares during the last quarter. Beam Wealth Advisors Inc. lifted its stake in Amazon.com by 138.6% in the second quarter. Beam Wealth Advisors Inc. now owns 12,503 shares of the e-commerce giant’s stock worth $2,416,000 after acquiring an additional 7,262 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Amazon.com by 21.1% in the second quarter. Daiwa Securities Group Inc. now owns 2,410,036 shares of the e-commerce giant’s stock valued at $465,739,000 after acquiring an additional 419,503 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in Amazon.com by 0.4% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,907 shares of the e-commerce giant’s stock valued at $12,157,000 after purchasing an additional 252 shares during the period. Finally, Redwood Financial Network Corp raised its holdings in Amazon.com by 3.6% in the 2nd quarter. Redwood Financial Network Corp now owns 10,091 shares of the e-commerce giant’s stock worth $1,950,000 after purchasing an additional 349 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Moffett Nathanson lifted their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. DA Davidson upped their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday. Finally, Morgan Stanley raised their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.20.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,026,212 shares of company stock valued at $625,666,424. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $229.15 on Friday. The stock has a 50 day moving average of $226.51 and a 200 day moving average of $200.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.41 trillion, a PE ratio of 49.07, a PEG ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. On average, research analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Amazon.com Company 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.