Amazon.com, Inc. (NASDAQ:AMZN) is Mount Vernon Associates Inc. MD’s 3rd Largest Position

Mount Vernon Associates Inc. MD lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 44,863 shares of the e-commerce giant’s stock after selling 372 shares during the period. Amazon.com comprises approximately 6.9% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 3rd largest position. Mount Vernon Associates Inc. MD’s holdings in Amazon.com were worth $8,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $30,000. PayPay Securities Corp lifted its stake in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC purchased a new stake in Amazon.com in the fourth quarter valued at approximately $43,000. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock worth $5,506,442,301 in the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of AMZN stock traded up $1.49 during mid-day trading on Friday, hitting $186.21. 39,172,004 shares of the company’s stock were exchanged, compared to its average volume of 46,582,852. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The stock has a 50-day simple moving average of $179.02 and a two-hundred day simple moving average of $160.32.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 4.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on AMZN shares. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Evercore ISI raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. Maxim Group lowered their price objective on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group increased their target price on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JMP Securities restated a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $211.07.

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.