MCIA Inc Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Mar 21st, 2023

MCIA Inc cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 91.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,204 shares of the e-commerce giant’s stock after selling 43,785 shares during the quarter. MCIA Inc’s holdings in Amazon.com were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares during the period. State Street Corp grew its holdings in Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after acquiring an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC raised its stake in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. 57.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Susquehanna upped their price target on Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. StockNews.com began coverage on Amazon.com in a report on Thursday, March 16th. They set a “hold” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a report on Friday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a report on Friday, January 13th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.72.

Insider Activity at Amazon.com

In other news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is owned by company insiders.

Amazon.com Trading Down 1.3 %

NASDAQ:AMZN opened at $97.71 on Tuesday. The company has a market cap of $1.00 trillion, a PE ratio of -364.58, a price-to-earnings-growth ratio of 4.06 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a 50 day simple moving average of $97.22 and a two-hundred day simple moving average of $101.14. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same quarter last year, the company posted $1.39 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Amazon.com, Inc. will post 1.33 earnings per share for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

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

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