Mendel Capital Management LLC Has $448,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mendel Capital Management LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,950 shares of the e-commerce giant’s stock after selling 240 shares during the period. Mendel Capital Management LLC’s holdings in Amazon.com were worth $448,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Amazon.com during the 4th quarter worth about $57,000. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com in the 3rd quarter valued at about $49,000. Finally, AM Squared Ltd bought a new position in shares of Amazon.com in the third quarter worth about $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Amazon.com Stock Up 3.4 %

Amazon.com stock opened at $179.62 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a fifty day simple moving average of $177.99 and a 200 day simple moving average of $158.98. The company has a market cap of $1.87 trillion, a P/E ratio of 61.94, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter last year, the company earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AMZN shares. Morgan Stanley raised their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Royal Bank of Canada lifted their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Finally, Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $205.13.

About Amazon.com

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.