MRA Advisory Group Has $1.34 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Oct 4th, 2023

MRA Advisory Group reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,272 shares of the e-commerce giant’s stock after selling 972 shares during the period. Amazon.com accounts for approximately 0.9% of MRA Advisory Group’s investment portfolio, making the stock its 28th biggest position. MRA Advisory Group’s holdings in Amazon.com were worth $1,339,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMZN. Laurel Wealth Planning LLC increased its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com during the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com during the first quarter valued at $38,000. Ruedi Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at $40,000. Finally, Atlantic Private Wealth LLC bought a new stake in Amazon.com during the first quarter valued at $43,000. 57.96% of the stock is owned by institutional investors.

Amazon.com Stock Down 3.7 %

Amazon.com stock opened at $124.72 on Wednesday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86. The firm has a 50 day simple moving average of $134.80 and a 200 day simple moving average of $122.44. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 98.21, a P/E/G ratio of 1.68 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The business had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. On average, analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMZN shares. TD Cowen boosted their price target on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Sanford C. Bernstein boosted their price target on Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 price target on shares of Amazon.com in a research note on Thursday, September 21st. Robert W. Baird boosted their target price on Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price on the stock in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.30.

Get Our Latest Stock Analysis on Amazon.com

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total value of $69,240.00. Following the transaction, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the transaction, the chief executive officer now owns 560,301 shares in the company, valued at $74,828,198.55. The disclosure for this sale can be found here. Insiders have sold 1,404,645 shares of company stock worth $54,699,728 in the last three months. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com 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.

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

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