Mendel Capital Management LLC Has $1.13 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mendel Capital Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,926 shares of the e-commerce giant’s stock after purchasing an additional 106 shares during the period. Mendel Capital Management LLC’s holdings in Amazon.com were worth $1,128,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC grew its position in Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after buying an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth approximately $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $229.19 on Tuesday. 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 quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 37.33, a P/E/G ratio of 1.69 and a beta of 1.33. The business’s fifty day moving average is $213.50 and its two-hundred day moving average is $208.51.

Amazon.com (NASDAQ:AMZN) last posted 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 firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Rosenblatt Securities upped their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Finally, Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research report on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $250.02.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the sale, the insider owned 894,546,706 shares of the company’s stock, valued at approximately $203,079,993,196.12. The trade was a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.