MBE Wealth Management LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

MBE Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 38.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,941 shares of the e-commerce giant’s stock after purchasing an additional 812 shares during the period. MBE Wealth Management LLC’s holdings in Amazon.com were worth $548,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AMZN. Triad Wealth Partners LLC boosted its position in shares of Amazon.com by 19.0% in the third quarter. Triad Wealth Partners LLC now owns 13,026 shares of the e-commerce giant’s stock valued at $2,427,000 after acquiring an additional 2,082 shares during the period. Bellecapital International Ltd. lifted its stake in Amazon.com by 4.2% in the 3rd quarter. Bellecapital International Ltd. now owns 47,006 shares of the e-commerce giant’s stock worth $8,759,000 after purchasing an additional 1,876 shares in the last quarter. Suncoast Equity Management boosted its holdings in Amazon.com by 2.2% in the 3rd quarter. Suncoast Equity Management now owns 3,164 shares of the e-commerce giant’s stock valued at $590,000 after purchasing an additional 68 shares during the period. Wealth Advisory Solutions LLC raised its position in shares of Amazon.com by 58.0% in the third quarter. Wealth Advisory Solutions LLC now owns 47,967 shares of the e-commerce giant’s stock worth $8,938,000 after buying an additional 17,616 shares in the last quarter. Finally, Benin Management CORP boosted its stake in Amazon.com by 15.3% during the third quarter. Benin Management CORP now owns 29,718 shares of the e-commerce giant’s stock valued at $5,537,000 after buying an additional 3,934 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 2.1 %

AMZN stock opened at $198.70 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90. The stock has a market capitalization of $2.09 trillion, a P/E ratio of 42.55, a P/E/G ratio of 1.37 and a beta of 1.14. The business has a fifty day moving average price of $192.79 and a 200-day moving average price of $186.26.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $235.77.

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.