MCIA Inc Purchases 793 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Oct 24th, 2023

MCIA Inc lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 18.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,138 shares of the e-commerce giant’s stock after acquiring an additional 793 shares during the quarter. MCIA Inc’s holdings in Amazon.com were worth $662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in 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 valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the last quarter. State Street Corp grew its stake in Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 purchasing an additional 295,880,050 shares during the last quarter. FMR LLC grew its stake in Amazon.com by 1,792.4% in 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 purchasing an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Amazon.com by 2.3% in the first quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock valued at $17,031,683,000 after purchasing an additional 3,774,390 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $130.53, for a total transaction of $65,265.00. Following the completion of the transaction, the chief executive officer now directly owns 104,520 shares in the company, valued at approximately $13,642,995.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $130.53, for a total transaction of $65,265.00. Following the transaction, the chief executive officer now owns 104,520 shares of the company’s stock, valued at approximately $13,642,995.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,408,645 shares of company stock worth $55,208,288. 12.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $126.56 on Tuesday. The stock has a market cap of $1.31 trillion, a PE ratio of 99.65, a P/E/G ratio of 1.90 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, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The stock has a fifty day simple moving average of $133.13 and a 200-day simple moving average of $125.26.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AMZN shares. Sanford C. Bernstein boosted their price target on Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Wedbush reiterated an “outperform” rating and issued a $180.00 target price on shares of Amazon.com in a research report on Wednesday, October 18th. Argus reissued a “buy” rating and issued a $165.00 price target on shares of Amazon.com in a report on Wednesday, September 27th. UBS Group decreased their price target on Amazon.com from $180.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Finally, TD Cowen boosted their price target on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.21.

Check Out Our Latest Stock Analysis on AMZN

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.