M&R Capital Management Inc. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

M&R Capital Management Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,066 shares of the e-commerce giant’s stock after selling 23 shares during the quarter. Amazon.com accounts for approximately 2.4% of M&R Capital Management Inc.’s holdings, making the stock its 13th biggest position. M&R Capital Management Inc.’s holdings in Amazon.com were worth $9,654,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMZN. White Pine Capital LLC grew its stake in shares of Amazon.com by 3.5% during the 1st quarter. White Pine Capital LLC now owns 935 shares of the e-commerce giant’s stock valued at $1,823,000 after acquiring an additional 32 shares during the period. Full Sail Capital LLC grew its stake in shares of Amazon.com by 88.8% during the 1st quarter. Full Sail Capital LLC now owns 504 shares of the e-commerce giant’s stock valued at $1,200,000 after acquiring an additional 237 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of Amazon.com by 2.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 354,574 shares of the e-commerce giant’s stock valued at $691,320,000 after acquiring an additional 7,430 shares during the period. Victory Capital Management Inc. grew its stake in shares of Amazon.com by 7.4% during the 1st quarter. Victory Capital Management Inc. now owns 441,496 shares of the e-commerce giant’s stock valued at $860,794,000 after acquiring an additional 30,470 shares during the period. Finally, Mackey Komara & Dankovich LLC grew its stake in shares of Amazon.com by 31.3% during the 1st quarter. Mackey Komara & Dankovich LLC now owns 151 shares of the e-commerce giant’s stock valued at $294,000 after acquiring an additional 36 shares during the period. 57.32% of the stock is owned by institutional investors and hedge funds.

In other news, VP Shelley Reynolds sold 292 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total transaction of $926,551.04. Following the transaction, the vice president now owns 6,281 shares of the company’s stock, valued at approximately $19,930,366.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 750 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $33,042,800. The disclosure for this sale can be found here. Insiders have sold a total of 102,815 shares of company stock worth $324,095,003 in the last three months. Corporate insiders own 16.10% of the company’s stock.

AMZN stock traded up $72.53 during midday trading on Thursday, reaching $3,221.26. The company’s stock had a trading volume of 4,918,676 shares, compared to its average volume of 5,096,272. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18. The stock has a fifty day simple moving average of $3,208.07 and a two-hundred day simple moving average of $2,689.82. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The firm has a market capitalization of $1,613.50 billion, a price-to-earnings ratio of 122.99, a PEG ratio of 3.22 and a beta of 1.32.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. The business had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. As a group, analysts forecast that Amazon.com, Inc. will post 31.92 EPS for the current fiscal year.

Several research firms have weighed in on AMZN. JPMorgan Chase & Co. upped their price target on Amazon.com from $3,000.00 to $4,050.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a $3,800.00 price target on shares of Amazon.com in a research note on Thursday. Wells Fargo & Company upped their price target on Amazon.com from $3,000.00 to $3,600.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Piper Sandler began coverage on Amazon.com in a research note on Friday, September 25th. They issued an “overweight” rating and a $3,860.00 price target for the company. Finally, SunTrust Banks restated a “buy” rating and issued a $3,600.00 price target (up from $3,400.00) on shares of Amazon.com in a research note on Thursday, July 30th. Four analysts have rated the stock with a hold rating, forty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $3,431.71.

Amazon.com Company Profile

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

Further Reading: Blue-Chip Stocks

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

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