MCIA Inc Purchases 54,054 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MCIA Inc raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3,615.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,549 shares of the e-commerce giant’s stock after acquiring an additional 54,054 shares during the quarter. Amazon.com makes up 3.2% of MCIA Inc’s investment portfolio, making the stock its 9th largest position. MCIA Inc’s holdings in Amazon.com were worth $6,462,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.6% in the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after purchasing an additional 543,744 shares during the period. State Street Corp increased its position in shares of Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after purchasing an additional 698,970 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after buying an additional 195,716 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Amazon.com by 14.0% during the first quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock worth $16,996,815,000 after buying an additional 639,231 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth about $14,053,756,000. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.9 %

AMZN stock opened at $124.66 on Tuesday. The company has a market cap of $1.27 trillion, a price-to-earnings ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $129.52 and a 200-day simple moving average of $130.59. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11.

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

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the sale, 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. In the last three months, insiders sold 70,628 shares of company stock valued at $9,802,599. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMZN shares. StockNews.com raised Amazon.com from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Telsey Advisory Group raised their price target on Amazon.com from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Itaú Unibanco started coverage on Amazon.com in a report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target on the stock. Credit Suisse Group lowered their price target on Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Tuesday, July 26th. Finally, Piper Sandler boosted their target price on Amazon.com from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $176.61.

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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