Mount Yale Investment Advisors LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Mount Yale Investment Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 68.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,963 shares of the e-commerce giant’s stock after acquiring an additional 30,122 shares during the quarter. Amazon.com comprises 1.3% of Mount Yale Investment Advisors LLC’s holdings, making the stock its 9th biggest position. Mount Yale Investment Advisors LLC’s holdings in Amazon.com were worth $16,227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Fiera Capital Corp boosted its holdings in Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares in the last quarter. Wealthgate Family Office LLC purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $262,000. Purus Wealth Management LLC boosted its stake in Amazon.com by 4.9% in the 2nd quarter. Purus Wealth Management LLC now owns 48,999 shares of the e-commerce giant’s stock worth $9,469,000 after purchasing an additional 2,275 shares in the last quarter. Argent Trust Co grew its position in Amazon.com by 2.6% during the 2nd quarter. Argent Trust Co now owns 222,134 shares of the e-commerce giant’s stock worth $42,927,000 after purchasing an additional 5,631 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Amazon.com by 5.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 317,914 shares of the e-commerce giant’s stock worth $61,437,000 after buying an additional 17,832 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Roth Mkm upped their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Truist Financial raised their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group upped their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Wedbush reissued an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Stock Down 0.7 %

AMZN stock opened at $228.68 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $228.21 and a two-hundred day moving average of $202.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,848 shares of company stock valued at $11,368,639. 10.80% of the stock is currently owned by insiders.

Amazon.com Company 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.