Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by MTM Investment Management LLC

MTM Investment Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,794 shares of the e-commerce giant’s stock after acquiring an additional 1,495 shares during the period. MTM Investment Management LLC’s holdings in Amazon.com were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Bridgefront Capital LLC acquired a new position in shares of Amazon.com during the first quarter worth $228,000. Krane Funds Advisors LLC grew its stake in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Amazon.com during the first quarter worth $258,000. My Personal CFO LLC acquired a new position in shares of Amazon.com during the first quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of Amazon.com during the first quarter worth $191,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Amazon.com Stock Up 2.9 %

Shares of NASDAQ AMZN opened at $137.00 on Thursday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The firm’s 50 day moving average price is $132.22 and its 200 day moving average price is $126.36. The firm has a market cap of $1.42 trillion, a P/E ratio of 70.98, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Oppenheimer reiterated an “outperform” rating and set a $170.00 target price on shares of Amazon.com in a research note on Thursday, October 19th. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 price objective on shares of Amazon.com in a research note on Tuesday, October 10th. Rosenblatt Securities upped their price objective on shares of Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Wolfe Research upped their price objective on shares of Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. Finally, Wedbush restated an “outperform” rating and issued a $180.00 price objective on shares of Amazon.com in a research note on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $169.00.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the sale, the chief executive officer now owns 510,301 shares in the company, valued at $71,952,441. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the transaction, the chief executive officer now owns 510,301 shares of the company’s stock, valued at $71,952,441. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $130.53, for a total transaction of $65,265.00. Following the transaction, the chief executive officer now directly owns 104,520 shares in the company, valued at approximately $13,642,995.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,404,645 shares of company stock worth $54,674,088. 12.70% of the stock is owned by insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.