Milestone Resources Group Ltd Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Milestone Resources Group Ltd grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 789,224 shares of the e-commerce giant’s stock after acquiring an additional 22,004 shares during the period. Amazon.com comprises about 5.0% of Milestone Resources Group Ltd’s holdings, making the stock its 11th largest holding. Milestone Resources Group Ltd’s holdings in Amazon.com were worth $102,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Planning LLC increased its stake in shares of Amazon.com by 1.5% in the first 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 during the last quarter. HBC Financial Services PLLC increased 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 worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $142.83 on Friday. The stock’s fifty day moving average is $133.58 and its 200-day moving average is $129.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The stock has a market capitalization of $1.48 trillion, a PE ratio of 74.01, a PEG ratio of 1.92 and a beta of 1.17. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $147.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.27. The business had revenue of $143.08 billion for the quarter, compared to analysts’ expectations of $141.53 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. Equities research analysts expect that Amazon.com, Inc. will post 2.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Redburn Partners lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, August 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $175.00 price objective on shares of Amazon.com in a report on Monday, October 16th. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Amazon.com in a report on Thursday, October 19th. Two analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $168.93.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.92, for a total transaction of $2,937,267.36. Following the sale, the chief executive officer now owns 2,030,868 shares of the company’s stock, valued at $271,973,842.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now directly owns 64,380 shares in the company, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,089 shares of company stock valued at $15,479,976. 12.70% of the stock is currently owned by company 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.