Mainstay Capital Management LLC ADV Purchases 409 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mainstay Capital Management LLC ADV lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,468 shares of the e-commerce giant’s stock after buying an additional 409 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Amazon.com were worth $1,992,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Cypress Capital Management LLC WY increased its position in shares of Amazon.com by 6.4% in the 1st quarter. Cypress Capital Management LLC WY now owns 3,013 shares of the e-commerce giant’s stock valued at $573,000 after buying an additional 180 shares in the last quarter. HS Management Partners LLC increased its position in shares of Amazon.com by 30.5% in the 1st quarter. HS Management Partners LLC now owns 240,910 shares of the e-commerce giant’s stock valued at $45,836,000 after buying an additional 56,250 shares in the last quarter. AMG National Trust Bank increased its position in shares of Amazon.com by 1.2% in the 1st quarter. AMG National Trust Bank now owns 128,861 shares of the e-commerce giant’s stock valued at $24,517,000 after buying an additional 1,588 shares in the last quarter. Buckhead Capital Management LLC increased its position in shares of Amazon.com by 1.1% in the 1st quarter. Buckhead Capital Management LLC now owns 24,459 shares of the e-commerce giant’s stock valued at $4,654,000 after buying an additional 277 shares in the last quarter. Finally, ARQ Wealth Advisors LLC boosted its stake in Amazon.com by 18.8% in the 1st quarter. ARQ Wealth Advisors LLC now owns 3,436 shares of the e-commerce giant’s stock worth $654,000 after purchasing an additional 543 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated 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 transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. BMO Capital Markets upped their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, Jefferies Financial Group upped their target price on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $262.87.

Amazon.com Stock Up 0.0%

Amazon.com stock opened at $231.03 on Friday. The stock has a market cap of $2.46 trillion, a P/E ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company’s 50-day moving average price is $221.41 and its two-hundred day moving average price is $208.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current 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.