MainStreet Investment Advisors LLC Purchases 172 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MainStreet Investment Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 59,403 shares of the e-commerce giant’s stock after purchasing an additional 172 shares during the quarter. Amazon.com accounts for approximately 1.6% of MainStreet Investment Advisors LLC’s holdings, making the stock its 17th biggest holding. MainStreet Investment Advisors LLC’s holdings in Amazon.com were worth $11,302,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. Norges Bank bought a new stake in Amazon.com during the 4th quarter worth about $27,266,582,000. GAMMA Investing LLC grew its holdings in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors grew its holdings in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Capital International Investors grew its holdings in Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock worth $12,564,961,000 after acquiring an additional 12,000,745 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 25,102,037 shares of company stock valued at $5,674,937,048 over the last three months. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday. Barclays upped their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, UBS Group restated a “buy” rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $262.45.

Amazon.com Price Performance

NASDAQ:AMZN opened at $213.75 on Wednesday. Amazon.com, Inc. has a 1-year low of $158.54 and a 1-year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $218.57 and a 200 day simple moving average of $208.96. The stock has a market capitalization of $2.28 trillion, a PE ratio of 32.58, a P/E/G ratio of 1.45 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period last year, the business earned $1.26 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.