Mutual Advisors LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Mutual Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,292 shares of the e-commerce giant’s stock after purchasing an additional 5,535 shares during the quarter. Amazon.com comprises about 1.0% of Mutual Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Mutual Advisors LLC’s holdings in Amazon.com were worth $28,609,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Kavar Capital Partners Group LLC increased its position in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp grew its holdings in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its holdings in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Evercore ISI increased their target price on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC raised their price target on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. DA Davidson raised their price objective on shares of Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $197.95.

Check Out Our Latest Report on Amazon.com

Amazon.com Stock Performance

Shares of AMZN stock opened at $180.38 on Monday. Amazon.com, Inc. has a one year low of $97.71 and a one year high of $181.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a 50 day moving average price of $171.33 and a 200 day moving average price of $151.80. The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 62.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 109,664 shares in the company, valued at approximately $19,739,520. The disclosure for this sale can be found here. Insiders have sold 32,210,510 shares of company stock worth $5,505,223,106 in the last ninety days. 12.30% of the stock is owned by insiders.

Amazon.com Profile

(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.

See Also

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

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