Murphy Middleton Hinkle & Parker Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,977 shares of the e-commerce giant’s stock after purchasing an additional 317 shares during the period. Murphy Middleton Hinkle & Parker Inc.’s holdings in Amazon.com were worth $1,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position 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 position in Amazon.com during the fourth quarter worth about $43,000. Harbor Investment Advisory LLC increased its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $46,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $185.57 on Tuesday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The stock has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 51.98, a PEG ratio of 1.33 and a beta of 1.14. The company has a 50-day simple moving average of $182.82 and a 200-day simple moving average of $172.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the business earned $0.31 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMZN shares. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Argus increased their target price on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Loop Capital lifted their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, BMO Capital Markets increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $215.37.

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares in the company, valued at $886,407.20. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock valued at $11,894,344 over the last three months. 10.80% of the stock is currently owned by company 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.