MCIA Inc Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

MCIA Inc lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,774 shares of the e-commerce giant’s stock after purchasing an additional 470 shares during the period. Amazon.com comprises approximately 0.3% of MCIA Inc’s investment portfolio, making the stock its 17th largest holding. MCIA Inc’s holdings in Amazon.com were worth $1,262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wesleyan Assurance Society purchased a new stake in shares of Amazon.com in the second quarter worth about $1,199,000. Value Star Asset Management Hong Kong Ltd grew its position in Amazon.com by 16.7% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 35,000 shares of the e-commerce giant’s stock valued at $6,764,000 after acquiring an additional 5,000 shares during the last quarter. Waterway Wealth Management LLC grew its holdings in shares of Amazon.com by 3.1% in the second quarter. Waterway Wealth Management LLC now owns 3,320 shares of the e-commerce giant’s stock worth $642,000 after purchasing an additional 100 shares during the last quarter. Etesian Wealth Advisors Inc. grew its holdings in shares of Amazon.com by 2.2% in the second quarter. Etesian Wealth Advisors Inc. now owns 17,622 shares of the e-commerce giant’s stock worth $3,405,000 after purchasing an additional 380 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV lifted its stake in Amazon.com by 31.2% in the second quarter. Planning Alternatives Ltd. ADV now owns 1,619 shares of the e-commerce giant’s stock worth $313,000 after acquiring an additional 385 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.2 %

Amazon.com stock opened at $218.46 on Tuesday. The business has a 50-day simple moving average of $216.66 and a two-hundred day simple moving average of $195.57. The company has a market cap of $2.30 trillion, a P/E ratio of 46.78, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $149.91 and a 52-week high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Pivotal Research started coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.33.

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.