MJP Associates Inc. ADV Acquires 9,117 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MJP Associates Inc. ADV raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 47.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,532 shares of the e-commerce giant’s stock after buying an additional 9,117 shares during the quarter. Amazon.com accounts for about 1.1% of MJP Associates Inc. ADV’s investment portfolio, making the stock its 18th largest position. MJP Associates Inc. ADV’s holdings in Amazon.com were worth $5,147,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC bought a new stake in Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC bought a new position in Amazon.com during the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter valued at $46,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Moffett Nathanson restated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Citigroup boosted their target price on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Loop Capital increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $215.37.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 1.9 %

AMZN stock opened at $185.57 on Tuesday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The stock has a market cap of $1.93 trillion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a fifty day moving average price of $182.82 and a two-hundred day moving average price of $172.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.