MainStreet Investment Advisors LLC Purchases 4,502 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MainStreet Investment Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,961 shares of the e-commerce giant’s stock after purchasing an additional 4,502 shares during the quarter. Amazon.com comprises about 1.5% of MainStreet Investment Advisors LLC’s portfolio, making the stock its 19th biggest holding. MainStreet Investment Advisors LLC’s holdings in Amazon.com were worth $13,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMZN. Bank Pictet & Cie Europe AG increased its position in shares of Amazon.com by 9.1% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 1,752,481 shares of the e-commerce giant’s stock worth $222,775,000 after purchasing an additional 146,448 shares during the last quarter. CPA Asset Management LLC increased its holdings in shares of Amazon.com by 11.3% during the 3rd quarter. CPA Asset Management LLC now owns 2,560 shares of the e-commerce giant’s stock worth $325,000 after acquiring an additional 260 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Amazon.com by 4.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 16,500 shares of the e-commerce giant’s stock worth $2,097,000 after acquiring an additional 654 shares during the last quarter. ML & R Wealth Management LLC increased its holdings in shares of Amazon.com by 122.6% during the 3rd quarter. ML & R Wealth Management LLC now owns 7,569 shares of the e-commerce giant’s stock worth $962,000 after acquiring an additional 4,169 shares during the last quarter. Finally, Diversified LLC increased its holdings in shares of Amazon.com by 16.4% during the 3rd quarter. Diversified LLC now owns 7,745 shares of the e-commerce giant’s stock worth $985,000 after acquiring an additional 1,091 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value 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 $23,868,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,838 shares of company stock valued at $11,984,344. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMZN shares. UBS Group boosted their target price on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Telsey Advisory Group boosted their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Truist Financial boosted their target price on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Finally, Raymond James boosted their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $212.40.

Check Out Our Latest Report on Amazon.com

Amazon.com Price Performance

Shares of AMZN opened at $185.00 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The business has a 50-day simple moving average of $182.46 and a two-hundred day simple moving average of $168.39. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.93 trillion, a PE ratio of 51.82, a PEG ratio of 1.28 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. Analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

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.

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

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