MBE Wealth Management LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

MBE Wealth Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,790 shares of the e-commerce giant's stock after purchasing an additional 1,286 shares during the quarter. MBE Wealth Management LLC's holdings in Amazon.com were worth $721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter worth $40,000. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter worth $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. Wells Fargo & Company raised their price target on shares of Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Wedbush restated an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, JMP Securities raised their price target on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a report on Thursday. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $221.42, for a total value of $686,402,000.00. Following the completion of the transaction, the insider directly owned 905,679,901 shares of the company's stock, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

AMZN stock traded up $2.76 during mid-day trading on Friday, hitting $225.02. The company had a trading volume of 50,481,094 shares, compared to its average volume of 42,135,277. The firm has a market cap of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock's fifty day moving average price is $209.90 and its two-hundred day moving average price is $208.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.