Mutual Advisors LLC Acquires 6,108 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mutual Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 201,116 shares of the e-commerce giant's stock after buying an additional 6,108 shares during the period. Amazon.com accounts for approximately 1.1% of Mutual Advisors LLC's holdings, making the stock its 11th biggest position. Mutual Advisors LLC's holdings in Amazon.com were worth $38,009,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the 4th quarter valued at about $35,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN traded down $18.04 during trading hours on Friday, hitting $216.07. The company's stock had a trading volume of 65,807,773 shares, compared to its average volume of 44,434,758. The company has a market cap of $2.29 trillion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business has a 50 day simple moving average of $217.93 and a two-hundred day simple moving average of $209.23. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548 in the last three months. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Tigress Financial raised their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Canaccord Genuity Group restated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday. Finally, Citigroup raised their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday. Three research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.