Mastrapasqua Asset Management Inc. Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mastrapasqua Asset Management Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,065 shares of the e-commerce giant’s stock after buying an additional 1,419 shares during the quarter. Amazon.com makes up 2.8% of Mastrapasqua Asset Management Inc.’s portfolio, making the stock its 3rd largest position. Mastrapasqua Asset Management Inc.’s holdings in Amazon.com were worth $19,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new stake in Amazon.com during the 1st quarter worth about $228,000. Krane Funds Advisors LLC lifted its position in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC bought a new stake in Amazon.com during the 1st quarter worth about $258,000. My Personal CFO LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $261,000. Finally, Worth Asset Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $191,000. 57.64% of the stock is owned by institutional investors.

Amazon.com Trading Up 0.3 %

NASDAQ:AMZN opened at $97.52 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $994.87 billion, a price-to-earnings ratio of 89.51, a PEG ratio of 3.06 and a beta of 1.22. The firm has a fifty day simple moving average of $90.70 and a two-hundred day simple moving average of $110.10. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,259,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,428 shares of company stock worth $5,077,578. 12.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Cowen upped their target price on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, December 1st. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. Monness Crespi & Hardt decreased their price target on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Moffett Nathanson assumed coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price target on the stock. Finally, StockNews.com assumed coverage on shares of Amazon.com in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.