MKT Advisors LLC Has $1.60 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

MKT Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,659 shares of the e-commerce giant’s stock after acquiring an additional 67 shares during the period. Amazon.com comprises 0.8% of MKT Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. MKT Advisors LLC’s holdings in Amazon.com were worth $1,600,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AMZN. Phillips Wealth Planners LLC boosted its holdings in 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 worth $487,000 after acquiring an additional 224 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after purchasing an additional 14,766 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Amazon.com by 19.2% during the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after purchasing an additional 19,231 shares during the last quarter. Stonekeep Investments LLC bought a new stake in Amazon.com in the 2nd quarter worth about $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after buying an additional 654,908 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on AMZN shares. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a research report on Thursday, October 3rd. DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Finally, Robert W. Baird lifted their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.02.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated 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 directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,855 shares of company stock valued at $9,215,048 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $197.93 on Friday. The stock has a market cap of $2.08 trillion, a price-to-earnings ratio of 42.38, a PEG ratio of 1.46 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $184.82 and a 200 day simple moving average of $183.76. Amazon.com, Inc. has a 52 week low of $136.47 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

Amazon.com 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.