Mountain Pacific Investment Advisers LLC Buys 417 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mountain Pacific Investment Advisers LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 27.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,957 shares of the e-commerce giant’s stock after acquiring an additional 417 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Amazon.com were worth $365,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB bought a new position in Amazon.com in the 1st quarter valued at approximately $2,239,757,000. Capital World Investors raised its holdings in Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. Capital Research Global Investors raised its holdings in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after buying an additional 3,903,889 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock worth $10,215,097 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Robert W. Baird raised their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $234.55.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $207.09 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $186.48 and its two-hundred day simple moving average is $184.23. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $207.55. The stock has a market cap of $2.17 trillion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 4.98 EPS for the current fiscal year.

About Amazon.com

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.