MBM Wealth Consultants LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,884 shares of the e-commerce giant’s stock after buying an additional 865 shares during the quarter. Amazon.com accounts for approximately 0.5% of MBM Wealth Consultants LLC’s investment portfolio, making the stock its 25th biggest holding. MBM Wealth Consultants LLC’s holdings in Amazon.com were worth $1,162,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Laurel Wealth Planning LLC lifted its holdings in shares of Amazon.com by 1,900.0% in 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 last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $38,000. Atlantic Private Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $43,000. Finally, Goodwin Investment Advisory lifted its holdings in shares of Amazon.com by 1,225.8% in the 2nd quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after purchasing an additional 380 shares during the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price for the company in a report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of Amazon.com in a research note on Thursday, September 28th. CICC Research started coverage on Amazon.com in a research note on Sunday, July 9th. They set an “outperform” rating for the company. Mizuho reaffirmed a “buy” rating and set a $180.00 price objective on shares of Amazon.com in a research note on Wednesday, September 27th. Finally, TD Cowen upped their price objective on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.21.
Amazon.com Stock Performance
NASDAQ AMZN opened at $128.40 on Friday. The business’s 50-day moving average price is $133.68 and its 200 day moving average price is $124.62. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The company has a market capitalization of $1.32 trillion, a PE ratio of 101.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, research analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current year.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the sale, the chief executive officer now directly owns 149,780 shares in the company, valued at approximately $19,393,514.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the completion of the sale, the chief executive officer now owns 149,780 shares in the company, valued at approximately $19,393,514.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $133.55, for a total value of $534,200.00. Following the sale, the chief executive officer now owns 560,301 shares of the company’s stock, valued at approximately $74,828,198.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,408,645 shares of company stock worth $55,207,763. 12.30% of the stock is currently owned by company insiders.
Amazon.com Company Profile
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.
See Also
- Five stocks we like better than Amazon.com
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- 3 High Dividend Stocks To Beat Treasury Yields
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- United Airlines Shares Fall Despite Solid Quarter
- What to Know About Investing in Penny Stocks
- Housing Starts Up, Homebuilders Down as Mortgage Rates Soar
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
