MWA Asset Management Has $4.23 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

MWA Asset Management lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,716 shares of the e-commerce giant’s stock after selling 153 shares during the quarter. Amazon.com accounts for approximately 2.8% of MWA Asset Management’s holdings, making the stock its 7th largest holding. MWA Asset Management’s holdings in Amazon.com were worth $4,233,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMZN. ERn Financial LLC grew its position in shares of Amazon.com by 2.2% during the 2nd quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock valued at $3,650,000 after acquiring an additional 413 shares during the period. Rockingstone Advisors LLC lifted its stake in shares of Amazon.com by 0.3% in the second quarter. Rockingstone Advisors LLC now owns 22,936 shares of the e-commerce giant’s stock worth $4,432,000 after buying an additional 61 shares in the last quarter. Swedbank AB boosted its holdings in shares of Amazon.com by 5.9% during the 2nd quarter. Swedbank AB now owns 13,152,216 shares of the e-commerce giant’s stock worth $2,541,666,000 after purchasing an additional 735,340 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in shares of Amazon.com in the 2nd quarter worth $1,604,000. Finally, Professional Financial Advisors LLC grew its stake in shares of Amazon.com by 0.9% in the 2nd quarter. Professional Financial Advisors LLC now owns 10,413 shares of the e-commerce giant’s stock valued at $2,012,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Susquehanna lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Wedbush raised their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $219.39 on Wednesday. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The stock’s fifty day simple moving average is $210.97 and its two-hundred day simple moving average is $193.40. 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 has a market cap of $2.31 trillion, a PE ratio of 46.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Amazon.com Company 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.