M&R Capital Management Inc. Purchases 81,011 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

M&R Capital Management Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,880.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,318 shares of the e-commerce giant’s stock after buying an additional 81,011 shares during the quarter. Amazon.com accounts for approximately 2.4% of M&R Capital Management Inc.’s investment portfolio, making the stock its 11th biggest holding. M&R Capital Management Inc.’s holdings in Amazon.com were worth $9,061,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $14,053,756,000. Castleview Partners LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $1,143,000. Aaron Wealth Advisors LLC raised its holdings in shares of Amazon.com by 346,521.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,246,105 shares of the e-commerce giant’s stock worth $689,000 after purchasing an additional 2,245,457 shares during the period. Verity Asset Management Inc. raised its holdings in shares of Amazon.com by 413,136.4% in the 1st quarter. Verity Asset Management Inc. now owns 1,508,313 shares of the e-commerce giant’s stock worth $841,000 after purchasing an additional 1,507,948 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Amazon.com by 124.5% in the 1st quarter. SG Americas Securities LLC now owns 220,530 shares of the e-commerce giant’s stock worth $718,917,000 after purchasing an additional 1,120,660 shares during the period. Institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. MKM Partners lowered their price target on shares of Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Citigroup lifted their price target on shares of Amazon.com to $185.00 in a report on Tuesday, August 9th. Evercore ISI lowered their target price on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. Wolfe Research boosted their target price on shares of Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Finally, Robert W. Baird reissued an “outperform” rating and set a $150.00 target price on shares of Amazon.com in a report on Wednesday, September 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Stock Performance

NASDAQ AMZN opened at $123.53 on Friday. The company has a 50-day simple moving average of $129.36 and a two-hundred day simple moving average of $131.06. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The firm has a market cap of $1.26 trillion, a price-to-earnings ratio of 110.74, a PEG ratio of 5.74 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 0.99 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders sold a total of 70,628 shares of company stock worth $9,802,599 over the last three months. Company insiders own 12.70% of the company’s stock.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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