MKT Advisors LLC Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

MKT Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,136 shares of the e-commerce giant’s stock after selling 131 shares during the quarter. Amazon.com makes up about 0.8% of MKT Advisors LLC’s holdings, making the stock its 23rd biggest holding. MKT Advisors LLC’s holdings in Amazon.com were worth $1,182,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC lifted its position in shares of Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 572 shares during the last quarter. PayPay Securities Corp lifted its position in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the last quarter. Laurel Wealth Planning LLC lifted its position in shares of 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 worth $34,000 after buying an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Amazon.com in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective for the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. Royal Bank of Canada lifted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Susquehanna lifted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Finally, Robert W. Baird lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $197.95.

View Our Latest Report on AMZN

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the sale, the director now directly owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,210,510 shares of company stock worth $5,505,223,106. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $180.38 on Monday. Amazon.com, Inc. has a 52 week low of $97.71 and a 52 week high of $181.70. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $171.33 and its 200 day simple moving average is $151.80. The firm has a market capitalization of $1.87 trillion, a PE ratio of 62.20, a P/E/G ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Further Reading

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

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