Mount Yale Investment Advisors LLC Has $8.17 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mount Yale Investment Advisors LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 46.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 43,841 shares of the e-commerce giant’s stock after selling 37,729 shares during the period. Amazon.com makes up about 0.8% of Mount Yale Investment Advisors LLC’s portfolio, making the stock its 11th biggest position. Mount Yale Investment Advisors LLC’s holdings in Amazon.com were worth $8,169,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMZN. Foundations Investment Advisors LLC grew its holdings in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after acquiring an additional 16,392 shares during the last quarter. Zhang Financial LLC raised its stake in shares of Amazon.com by 12.9% during the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after acquiring an additional 5,828 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings 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 worth $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC grew its stake in shares of Amazon.com by 19.2% in 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. Finally, Stonekeep Investments LLC acquired a new stake in Amazon.com in the second quarter valued at $2,588,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $205.74 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.16 trillion, a price-to-earnings ratio of 44.06, a P/E/G ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The firm’s 50-day simple moving average is $194.46 and its two-hundred day simple moving average is $186.79.

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, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMZN shares. Oppenheimer upped their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. The Goldman Sachs Group raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $236.20.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Company insiders own 10.80% of the company’s stock.

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.