MRP Capital Investments LLC Buys 365 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MRP Capital Investments LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,130 shares of the e-commerce giant’s stock after buying an additional 365 shares during the period. Amazon.com accounts for approximately 1.6% of MRP Capital Investments LLC’s holdings, making the stock its 15th biggest position. MRP Capital Investments LLC’s holdings in Amazon.com were worth $1,764,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Phillips Wealth Planners LLC boosted its holdings in shares of Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares in the last quarter. Stonekeep Investments LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth about $2,588,000. Concord Investment Counsel Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth about $20,790,000. O Shaughnessy Asset Management LLC raised its position in shares of Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after purchasing an additional 133,471 shares during the last quarter. Finally, Eos Management L.P. raised its position in shares of Amazon.com by 27.1% in the 2nd quarter. Eos Management L.P. now owns 47,554 shares of the e-commerce giant’s stock worth $9,190,000 after purchasing an additional 10,147 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays lifted their price target on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Finally, Rosenblatt Securities boosted their price target on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Stock Up 0.8 %

Shares of AMZN opened at $188.99 on Friday. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The business’s 50 day simple moving average is $181.98 and its 200-day simple moving average is $183.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, equities analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal 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.