Mason & Associates Inc Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mason & Associates Inc raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,003 shares of the e-commerce giant’s stock after acquiring an additional 576 shares during the quarter. Amazon.com makes up 0.7% of Mason & Associates Inc’s portfolio, making the stock its 27th largest holding. Mason & Associates Inc’s holdings in Amazon.com were worth $2,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. International Assets Investment Management LLC boosted its stake in shares of Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB purchased a new position in shares of Amazon.com during the 1st quarter worth $2,239,757,000. Capital World Investors lifted its stake in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after buying an additional 11,524,463 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $205.74 on Thursday. The firm has a market cap of $2.16 trillion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The firm’s 50 day simple moving average is $194.14 and its 200-day simple moving average is $186.66. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com 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 completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 over the last ninety days. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. TD Cowen lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Oppenheimer lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Morgan Stanley lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

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.