Mill Creek Capital Advisors LLC Purchases 2,783 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mill Creek Capital Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,485 shares of the e-commerce giant’s stock after buying an additional 2,783 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Amazon.com were worth $6,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mountain Pacific Investment Advisers Inc. ID lifted its position in shares of Amazon.com by 19.3% during the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 1,856 shares of the e-commerce giant’s stock worth $335,000 after buying an additional 300 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Amazon.com by 13.8% during the first quarter. International Assets Investment Management LLC now owns 178,708 shares of the e-commerce giant’s stock valued at $32,341,000 after acquiring an additional 21,638 shares during the period. Unique Wealth LLC lifted its holdings in shares of Amazon.com by 5.3% during the first quarter. Unique Wealth LLC now owns 5,977 shares of the e-commerce giant’s stock valued at $1,074,000 after acquiring an additional 303 shares during the period. Salem Investment Counselors Inc. boosted its stake in shares of Amazon.com by 1.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 474,053 shares of the e-commerce giant’s stock valued at $85,510,000 after purchasing an additional 5,610 shares in the last quarter. Finally, Cooper Financial Group grew its holdings in shares of Amazon.com by 9.9% in the 1st quarter. Cooper Financial Group now owns 97,122 shares of the e-commerce giant’s stock worth $17,519,000 after purchasing an additional 8,724 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. 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 sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $184.71 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.74, a PEG ratio of 1.38 and a beta of 1.14. The business has a 50 day simple moving average of $183.11 and a 200 day simple moving average of $183.54. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

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 net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMZN shares. Truist Financial boosted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $225.00 to $183.00 in a report on Monday, October 7th. Piper Sandler decreased their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $240.00 price target on shares of Amazon.com in a report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Company Profile

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.