MV Capital Management Inc. Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

MV Capital Management Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 46.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,739 shares of the e-commerce giant’s stock after purchasing an additional 2,789 shares during the quarter. MV Capital Management Inc.’s holdings in Amazon.com were worth $988,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Fiduciary Planning LLC grew its position in shares of Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC grew its position in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. grew its position in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. grew its position in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its position in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 3.0 %

Shares of NASDAQ AMZN opened at $98.12 on Friday. The company has a market capitalization of $1.00 trillion, a P/E ratio of 90.06, a price-to-earnings-growth ratio of 3.03 and a beta of 1.22. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The company’s 50 day moving average price is $90.39 and its 200-day moving average price is $110.73.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same quarter last year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 0.69 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $112.20, for a total transaction of $58,344.00. Following the transaction, the chief executive officer now owns 113,640 shares in the company, valued at approximately $12,750,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $112.20, for a total transaction of $58,344.00. Following the transaction, the chief executive officer now owns 113,640 shares in the company, valued at approximately $12,750,408. The disclosure for this sale can be found here. Insiders have sold 52,948 shares of company stock worth $5,135,922 in the last quarter. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. DA Davidson cut their target price on shares of Amazon.com to $114.00 in a research note on Thursday, December 1st. UBS Group cut their target price on shares of Amazon.com from $165.00 to $125.00 in a research note on Wednesday, January 4th. Telsey Advisory Group cut their target price on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Moffett Nathanson started coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They set an “outperform” rating and a $118.00 target price for the company. Finally, Evercore ISI cut their target price on shares of Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, December 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.29.

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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