MBE Wealth Management LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

MBE Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 43.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,529 shares of the e-commerce giant’s stock after acquiring an additional 767 shares during the quarter. MBE Wealth Management LLC’s holdings in Amazon.com were worth $384,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMZN. Kennedy Investment Group grew its stake in shares of Amazon.com by 1.3% during the 4th quarter. Kennedy Investment Group now owns 66,459 shares of the e-commerce giant’s stock valued at $10,098,000 after purchasing an additional 865 shares during the period. HTG Investment Advisors Inc. boosted its holdings in shares of Amazon.com by 183.5% in the fourth quarter. HTG Investment Advisors Inc. now owns 4,851 shares of the e-commerce giant’s stock worth $737,000 after buying an additional 3,140 shares during the last quarter. Benedict Financial Advisors Inc. grew its position in Amazon.com by 0.4% during the fourth quarter. Benedict Financial Advisors Inc. now owns 18,528 shares of the e-commerce giant’s stock valued at $2,815,000 after buying an additional 76 shares during the period. Wealth Effects LLC grew its position in shares of Amazon.com by 9.4% during the 4th quarter. Wealth Effects LLC now owns 62,638 shares of the e-commerce giant’s stock valued at $9,517,000 after acquiring an additional 5,375 shares during the period. Finally, Sutton Place Investors LLC increased its stake in shares of Amazon.com by 349.7% in the 4th quarter. Sutton Place Investors LLC now owns 11,324 shares of the e-commerce giant’s stock worth $1,721,000 after purchasing an additional 8,806 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMZN. Royal Bank of Canada lifted their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Wolfe Research lifted their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Raymond James increased their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group raised their target price on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein upped their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $205.13.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $180.96 on Tuesday. The stock has a 50 day moving average price of $178.22 and a 200-day moving average price of $159.32. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 62.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the firm earned $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 4.11 EPS for the current year.

Amazon.com Profile

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.