MIG Capital LLC Invests $26.56 Million in Amazon.com, Inc. (NASDAQ:AMZN)

MIG Capital LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 121,068 shares of the e-commerce giant’s stock, valued at approximately $26,561,000. Amazon.com makes up 2.7% of MIG Capital LLC’s investment portfolio, making the stock its 19th largest holding.

Several other institutional investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its position in Amazon.com by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 124,798 shares of the e-commerce giant’s stock valued at $27,379,000 after purchasing an additional 1,704 shares during the period. Ilmarinen Mutual Pension Insurance Co lifted its holdings in Amazon.com by 27.2% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 1,402,716 shares of the e-commerce giant’s stock valued at $307,742,000 after buying an additional 300,000 shares during the period. Russell Investments Group Ltd. boosted its stake in Amazon.com by 9.9% in the fourth quarter. Russell Investments Group Ltd. now owns 8,847,683 shares of the e-commerce giant’s stock valued at $1,942,200,000 after acquiring an additional 798,110 shares during the last quarter. Rahlfs Capital LLC acquired a new stake in Amazon.com during the 4th quarter worth $2,124,000. Finally, Hurley Capital LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $1,960,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price target on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group cut their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. BNP Paribas raised Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Citizens Jmp dropped their price target on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $243.55.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 in the last 90 days. Company insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $186.35 on Tuesday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm’s 50-day simple moving average is $189.92 and its 200 day simple moving average is $208.04. The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.