Mill Creek Capital Advisors LLC Purchases 3,378 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mill Creek Capital Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,100 shares of the e-commerce giant’s stock after purchasing an additional 3,378 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Amazon.com were worth $7,481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the period. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at $45,000. Iron Horse Wealth Management LLC raised its stake in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after purchasing an additional 112 shares during the period. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com during the 3rd quarter valued at $56,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,649 shares of company stock valued at $23,871,905. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.7 %

AMZN opened at $199.25 on Friday. The business has a 50 day simple moving average of $224.11 and a two-hundred day simple moving average of $206.80. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Loop Capital boosted their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Scotiabank boosted their target price on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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.