7,745 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,745 shares of the e-commerce giant’s stock, valued at approximately $1,699,000. Amazon.com makes up 1.6% of Murphy & Mullick Capital Management Corp’s portfolio, making the stock its 13th largest holding.

Other institutional investors have also recently bought and sold shares of the company. BG Investment Services Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth about $467,000. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $749,000. Florida Financial Advisors LLC raised its holdings in Amazon.com by 14.2% during the fourth quarter. Florida Financial Advisors LLC now owns 10,208 shares of the e-commerce giant’s stock worth $2,180,000 after acquiring an additional 1,273 shares in the last quarter. Aire Advisors LLC boosted its position in Amazon.com by 9.5% during the fourth quarter. Aire Advisors LLC now owns 29,871 shares of the e-commerce giant’s stock valued at $6,553,000 after purchasing an additional 2,581 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Amazon.com by 3.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 329,362 shares of the e-commerce giant’s stock valued at $72,259,000 after purchasing an additional 11,905 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ:AMZN opened at $188.99 on Friday. The business’s 50 day moving average is $193.52 and its 200 day moving average is $207.75. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Bank of America cut their price target on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Rosenblatt Securities raised their target price on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Benchmark lifted their price target on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $247.56.

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.