Amazon.com, Inc. (NASDAQ:AMZN) is Mill Capital Management LLC’s 10th Largest Position

Mill Capital Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,633 shares of the e-commerce giant’s stock after selling 1,164 shares during the quarter. Amazon.com accounts for approximately 2.9% of Mill Capital Management LLC’s holdings, making the stock its 10th biggest position. Mill Capital Management LLC’s holdings in Amazon.com were worth $35,889,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AMZN. Cable Hill Partners LLC raised its holdings in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after buying an additional 44 shares during the period. Northern Capital Management Inc. raised its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management raised its holdings in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares during the period. Balanced Wealth Group LLC raised its holdings in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after buying an additional 48 shares during the period. Finally, ETF Store Inc. raised its holdings in Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.4%

Shares of NASDAQ:AMZN opened at $223.19 on Thursday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $212.21 and a 200-day moving average price of $208.60.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,442,187 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $225.89, for a total value of $551,665,621.43. Following the completion of the sale, the insider directly owned 895,279,901 shares in the company, valued at $202,234,776,836.89. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,602,037 shares of company stock valued at $3,044,172,641 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AMZN shares. Truist Financial increased their target price on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Scotiabank reduced their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 21st. Wall Street Zen lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Citizens Jmp started coverage on Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Finally, Moffett Nathanson increased their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $250.35.

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.