MJP Associates Inc. ADV boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 7.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,874 shares of the e-commerce giant’s stock after purchasing an additional 1,231 shares during the period. Amazon.com comprises approximately 0.4% of MJP Associates Inc. ADV’s holdings, making the stock its 29th largest position. MJP Associates Inc. ADV’s holdings in Amazon.com were worth $1,417,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bridgefront Capital LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC lifted its stake in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $258,000. My Personal CFO LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com in the first quarter worth $191,000. 57.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on AMZN. Oppenheimer boosted their price objective on shares of Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Cowen boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Tigress Financial restated a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a research note on Thursday, February 9th. Finally, Barclays boosted their price objective on shares of Amazon.com from $130.00 to $150.00 in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.82.
Amazon.com Stock Down 2.7 %
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 1.33 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $102.25, for a total value of $409,000.00. Following the sale, the chief executive officer now directly owns 556,298 shares in the company, valued at approximately $56,881,470.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred 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 in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,693 shares of company stock worth $7,634,308. Company insiders own 12.70% of the company’s stock.
About Amazon.com
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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