Mengis Capital Management Inc. Purchases 925 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mengis Capital Management Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,925 shares of the e-commerce giant’s stock after purchasing an additional 925 shares during the quarter. Amazon.com makes up 1.8% of Mengis Capital Management Inc.’s holdings, making the stock its 13th largest position. Mengis Capital Management Inc.’s holdings in Amazon.com were worth $8,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Coyle Financial Counsel LLC increased its position in Amazon.com by 5.3% during the fourth quarter. Coyle Financial Counsel LLC now owns 12,717 shares of the e-commerce giant’s stock worth $2,790,000 after buying an additional 635 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Amazon.com by 1.2% in the fourth quarter. Addison Advisors LLC now owns 6,296 shares of the e-commerce giant’s stock valued at $1,381,000 after buying an additional 77 shares during the last quarter. Prasad Wealth Partners LLC bought a new position in shares of Amazon.com during the 4th quarter worth approximately $8,754,000. BankPlus Trust Department acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $3,974,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Amazon.com by 1.4% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 134,266 shares of the e-commerce giant’s stock valued at $29,457,000 after acquiring an additional 1,862 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $201.13 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.13 trillion, a PE ratio of 36.37, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a 50-day simple moving average of $217.91 and a two-hundred day simple moving average of $208.80.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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 anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock valued at $22,871,828. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $265.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Scotiabank upped their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Tigress Financial raised their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target 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.