Mountain Hill Investment Partners Corp. Sells 3,757 Shares of Amazon.com, Inc. $AMZN

Mountain Hill Investment Partners Corp. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 10.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,862 shares of the e-commerce giant’s stock after selling 3,757 shares during the period. Amazon.com comprises about 5.9% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 6th biggest holding. Mountain Hill Investment Partners Corp.’s holdings in Amazon.com were worth $6,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Barlow Wealth Partners Inc. lifted its stake in Amazon.com by 0.4% in the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after acquiring an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its holdings in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after purchasing an additional 45 shares in the last quarter. Probity Advisors Inc. raised its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after purchasing an additional 45 shares in the last quarter. Union Savings Bank lifted its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after purchasing an additional 45 shares during the last quarter. Finally, Doheny Asset Management CA boosted its holdings in Amazon.com by 0.3% in the second quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock worth $3,910,000 after purchasing an additional 45 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson raised their target price on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Royal Bank Of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Monday, January 26th. Wedbush restated an “outperform” rating and issued a $340.00 target price on shares of Amazon.com in a report on Tuesday. Barclays reiterated an “overweight” rating and set a $300.00 price target (up previously from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Finally, President Capital boosted their price objective on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.91.

View Our Latest Stock Report on Amazon.com

Amazon.com Stock Down 1.0%

AMZN stock opened at $239.30 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.56 trillion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The business’s 50-day simple moving average is $233.50 and its 200 day simple moving average is $229.64.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 4,784 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $232.71, for a total value of $1,113,284.64. Following the completion of the transaction, the chief executive officer directly owned 498,182 shares of the company’s stock, valued at $115,931,933.22. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares in the company, valued at $1,360,613.70. This trade represents a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,561 shares of company stock valued at $10,989,862 in the last ninety days. 9.70% of the stock is currently owned by insiders.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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