Amazon.com, Inc. $AMZN Shares Sold by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,862 shares of the e-commerce giant’s stock after selling 3,757 shares during the period. Amazon.com accounts for 5.9% of Mountain Hill Investment Partners Corp.’s holdings, making the stock its 6th largest position. Mountain Hill Investment Partners Corp.’s holdings in Amazon.com were worth $6,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of AMZN. Cooksen Wealth LLC raised its stake in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after acquiring an additional 47 shares during the last quarter. PayPay Securities Corp increased its holdings in Amazon.com by 62.3% during the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after purchasing an additional 96 shares in the last quarter. Access Investment Management LLC bought a new position in Amazon.com in the 2nd quarter valued at $74,000. Sagard Holdings Management Inc. acquired a new position in Amazon.com in the second quarter worth $79,000. Finally, MJT & Associates Financial Advisory Group Inc. boosted its stake in Amazon.com by 17.1% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 363 shares of the e-commerce giant’s stock worth $80,000 after purchasing an additional 53 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on AMZN. Maxim Group lifted their price target on Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 31st. Mizuho cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Roth Mkm reiterated a “buy” rating and set a $295.00 target price (up from $270.00) on shares of Amazon.com in a research report on Monday. Morgan Stanley reissued an “overweight” rating and set a $315.00 price target (up from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Finally, Wolfe Research restated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.91.

View Our Latest Stock Report on AMZN

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director directly owned 7,170 shares in the company, valued at $1,670,610. This trade represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at $1,360,613.70. The trade was a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,561 shares of company stock worth $10,989,862 over the last quarter. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 1.0%

Shares of Amazon.com stock opened at $239.30 on Friday. The business has a fifty day simple moving average of $233.50 and a 200 day simple moving average of $229.64. The stock has a market cap of $2.56 trillion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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