Mount Capital Ltd Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mount Capital Ltd trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,687 shares of the e-commerce giant’s stock after selling 713 shares during the period. Amazon.com accounts for 0.9% of Mount Capital Ltd’s portfolio, making the stock its 28th largest holding. Mount Capital Ltd’s holdings in Amazon.com were worth $1,999,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Kavar Capital Partners Group LLC lifted its position in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd lifted its position in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. lifted its position in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp lifted its position in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC lifted its position in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 3.0 %

AMZN stock opened at $94.90 on Friday. The firm has a 50 day moving average of $94.93 and a 200 day moving average of $104.35. The stock has a market capitalization of $972.46 billion, a PE ratio of -351.48, a price-to-earnings-growth ratio of 3.80 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. During the same quarter last year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Truist Financial lowered their price objective on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a report on Friday, February 3rd. UBS Group raised their target price on shares of Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Wolfe Research raised their target price on shares of Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Finally, Cowen lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.87.

Amazon.com Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.