Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,621 shares of the e-commerce giant’s stock after buying an additional 2,553 shares during the period. Amazon.com accounts for about 2.8% of MOKAN Wealth Management Inc.’s portfolio, making the stock its 11th largest holding. MOKAN Wealth Management Inc.’s holdings in Amazon.com were worth $4,685,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter valued at $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $40,000. Finally, Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.3%

Shares of AMZN opened at $223.88 on Friday. The company has a 50 day simple moving average of $212.84 and a two-hundred day simple moving average of $208.62. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $2.38 trillion, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

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

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the sale, the insider directly owned 894,546,706 shares in the company, valued at $203,079,993,196.12. This represents a 0.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Oppenheimer increased their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Citizens Jmp started coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Finally, Piper Sandler set a $250.00 price objective on shares of Amazon.com and gave the stock an “overweight” rating in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $250.35.

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.