Amazon.com, Inc. (NASDAQ:AMZN) is Mmbg Investment Advisors CO.'s 2nd Largest Position

Mmbg Investment Advisors CO. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 340,990 shares of the e-commerce giant's stock after selling 28,916 shares during the quarter. Amazon.com accounts for 7.9% of Mmbg Investment Advisors CO.'s holdings, making the stock its 2nd biggest holding. Mmbg Investment Advisors CO.'s holdings in Amazon.com were worth $74,810,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC boosted its stake in Amazon.com by 0.7% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after purchasing an additional 318 shares in the last quarter. RMR Wealth Builders increased its holdings in Amazon.com by 2.5% in the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock worth $15,450,000 after acquiring an additional 1,690 shares in the last quarter. Richard P Slaughter Associates Inc boosted its stake in Amazon.com by 13.0% during the 4th quarter. Richard P Slaughter Associates Inc now owns 2,117 shares of the e-commerce giant's stock worth $464,000 after purchasing an additional 244 shares during the last quarter. Cox Capital Mgt LLC boosted its position in shares of Amazon.com by 0.4% during the 4th quarter. Cox Capital Mgt LLC now owns 32,325 shares of the e-commerce giant's stock valued at $7,092,000 after acquiring an additional 132 shares during the last quarter. Finally, Founders Grove Wealth Partners LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at about $943,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN traded down $1.30 during trading on Wednesday, hitting $204.72. 27,702,158 shares of the company traded hands, compared to its average volume of 41,988,174. The company has a market cap of $2.17 trillion, a PE ratio of 37.02, a P/E/G ratio of 1.50 and a beta of 1.30. The stock's 50-day simple moving average is $190.38 and its two-hundred day simple moving average is $208.73. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus decreased their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Maxim Group increased their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by corporate 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.