MKD Wealth Coaches LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

MKD Wealth Coaches LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,284 shares of the e-commerce giant’s stock, valued at approximately $501,000. Amazon.com makes up about 0.5% of MKD Wealth Coaches LLC’s portfolio, making the stock its 14th largest holding.

Other large investors have also recently modified their holdings of the company. K.J. Harrison & Partners Inc increased its position in shares of Amazon.com by 14.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 109,029 shares of the e-commerce giant’s stock worth $24,010,000 after purchasing an additional 13,835 shares during the last quarter. New York Life Investment Management LLC grew its stake in Amazon.com by 7.7% in the 4th quarter. New York Life Investment Management LLC now owns 1,345,690 shares of the e-commerce giant’s stock worth $295,231,000 after buying an additional 96,469 shares in the last quarter. Schnieders Capital Management LLC increased its holdings in shares of Amazon.com by 3.1% in the 4th quarter. Schnieders Capital Management LLC now owns 96,207 shares of the e-commerce giant’s stock worth $21,107,000 after buying an additional 2,858 shares during the last quarter. Lineweaver Wealth Advisors LLC raised its position in shares of Amazon.com by 9.2% during the 4th quarter. Lineweaver Wealth Advisors LLC now owns 25,199 shares of the e-commerce giant’s stock valued at $5,529,000 after buying an additional 2,121 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC lifted its holdings in shares of Amazon.com by 24.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 4,669 shares of the e-commerce giant’s stock worth $1,024,000 after acquiring an additional 913 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMZN. Morgan Stanley raised their price target on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Wells Fargo & Company decreased their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Mizuho lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note 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. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $192.72 on Friday. The company has a 50 day simple moving average of $216.86 and a two-hundred day simple moving average of $209.08. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction 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 approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last quarter. 10.80% of the stock is owned by insiders.

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.