Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by MRA Advisory Group

Posted by Defense World Staff on Jun 30th, 2023

MRA Advisory Group increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 42.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,244 shares of the e-commerce giant’s stock after purchasing an additional 3,375 shares during the quarter. Amazon.com accounts for 0.8% of MRA Advisory Group’s investment portfolio, making the stock its 25th biggest holding. MRA Advisory Group’s holdings in Amazon.com were worth $1,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Amazon.com in the fourth quarter worth $27,000. St. James Investment Advisors LLC raised its holdings in shares of Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after acquiring an additional 170 shares during the last quarter. Retirement Financial Solutions LLC acquired a new position in shares of Amazon.com in the fourth quarter worth $32,000. Laurel Wealth Planning LLC raised its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com in the fourth quarter valued at $37,000. 56.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now directly owns 137,300 shares in the company, valued at approximately $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now directly owns 137,300 shares in the company, valued at approximately $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 21,925 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total value of $2,529,487.25. Following the sale, the chief executive officer now owns 1,997,681 shares in the company, valued at $230,472,456.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,845 shares of company stock worth $8,408,115. 12.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. JMP Securities reiterated a “market outperform” rating and issued a $140.00 target price on shares of Amazon.com in a research note on Wednesday, April 19th. Truist Financial upped their target price on Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. Piper Jaffray Companies upped their target price on Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. Evercore ISI dropped their target price on Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Finally, Robert W. Baird upped their target price on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.23.

Amazon.com Trading Down 0.9 %

Shares of NASDAQ AMZN opened at $127.90 on Friday. The stock’s 50 day moving average price is $117.36 and its two-hundred day moving average price is $103.21. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The stock has a market capitalization of $1.31 trillion, a P/E ratio of 304.52, a PEG ratio of 2.48 and a beta of 1.26. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Free Report) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 1.56 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.