Mountain Hill Investment Partners Corp. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,819 shares of the e-commerce giant's stock after acquiring an additional 4,465 shares during the period. Amazon.com accounts for approximately 6.5% of Mountain Hill Investment Partners Corp.'s investment portfolio, making the stock its 3rd biggest holding. Mountain Hill Investment Partners Corp.'s holdings in Amazon.com were worth $6,625,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of AMZN. Brighton Jones LLC boosted its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE lifted its position in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com in the 4th quarter valued at about $2,153,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 25,101,037 shares of company stock worth $5,674,726,368 in the last 90 days. 10.80% of the stock is owned by insiders.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company's 50-day moving average is $219.94 and its 200 day moving average is $208.52. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 33.73, a P/E/G ratio of 1.50 and a beta of 1.31.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently weighed in on AMZN. Citigroup raised their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Telsey Advisory Group increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Tigress Financial increased their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, BMO Capital Markets increased their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average price target of $262.45.
Check Out Our Latest Research Report on AMZN
Amazon.com Company Profile
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Free Report)
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.
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