Mmbg Investment Advisors CO. Has $39.03 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mmbg Investment Advisors CO. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 464,597 shares of the e-commerce giant’s stock after acquiring an additional 28,380 shares during the quarter. Amazon.com comprises about 5.2% of Mmbg Investment Advisors CO.’s investment portfolio, making the stock its 3rd biggest holding. Mmbg Investment Advisors CO.’s holdings in Amazon.com were worth $39,026,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC purchased a new stake in Amazon.com during the 4th quarter valued at about $27,000. Retirement Financial Solutions LLC purchased a new stake in Amazon.com during the 4th quarter valued at about $32,000. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $38,000. Finally, Cowa LLC purchased a new stake in Amazon.com during the 3rd quarter valued at about $40,000. 57.64% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.6 %

AMZN stock opened at $116.25 on Friday. The firm has a fifty day moving average price of $103.63 and a 200 day moving average price of $97.03. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The firm has a market cap of $1.19 trillion, a PE ratio of 276.79, a price-to-earnings-growth ratio of 4.02 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. During the same period last year, the firm posted $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMZN shares. Benchmark increased their price objective on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Cowen raised their price target 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. Wolfe Research raised their price target on shares of Amazon.com from $130.00 to $140.00 in a report on Friday, April 28th. DA Davidson raised their price target on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Amazon.com in a report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the transaction, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 16,760 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $4,667,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 10,760 shares of Amazon.com stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the transaction, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,019 shares of company stock valued at $6,053,511. 12.30% of the stock is owned by corporate insiders.

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.