Mission Creek Capital Partners Inc. Acquires 924 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mission Creek Capital Partners Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,934 shares of the e-commerce giant’s stock after buying an additional 924 shares during the period. Amazon.com accounts for about 1.4% of Mission Creek Capital Partners Inc.’s holdings, making the stock its 8th biggest holding. Mission Creek Capital Partners Inc.’s holdings in Amazon.com were worth $3,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Fiduciary Planning LLC lifted its holdings in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC raised its stake in shares of Amazon.com by 0.8% in the first 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 in the last quarter. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. grew its stake in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners increased its holdings in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Tigress Financial reissued a “buy” rating and set a $192.00 price objective on shares of Amazon.com in a research report on Thursday, February 9th. Wolfe Research raised their price objective on shares of Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Moffett Nathanson started coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price objective for the company. Barclays increased their target price on Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. Finally, Cowen lifted their price target on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Stock Down 1.6 %

AMZN opened at $90.73 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The stock has a market capitalization of $929.73 billion, a P/E ratio of -338.53, a P/E/G ratio of 3.87 and a beta of 1.25. The business has a 50 day simple moving average of $95.85 and a 200-day simple moving average of $102.99.

Amazon.com (NASDAQ:AMZNGet 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). The business had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Andrew R. Jassy sold 23,874 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares in the company, valued at $194,780,769.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,394 shares of company stock valued at $6,994,626. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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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 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.

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

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