Menard Financial Group LLC Has $5.38 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Menard Financial Group LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 24.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 27,857 shares of the e-commerce giant’s stock after buying an additional 5,542 shares during the quarter. Amazon.com accounts for about 3.8% of Menard Financial Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Menard Financial Group LLC’s holdings in Amazon.com were worth $5,383,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMZN. Collective Family Office LLC lifted its holdings in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares during the last quarter. Phillips Wealth Planners LLC raised its stake in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares in the last quarter. Stonekeep Investments LLC acquired a new position in shares of Amazon.com in the second quarter valued at $2,588,000. Concord Investment Counsel Inc. acquired a new position in shares of Amazon.com in the first quarter valued at $20,790,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $186.89 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.35, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The business’s fifty day moving average price is $181.11 and its 200 day moving average price is $183.32.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Sanford C. Bernstein increased their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Barclays raised their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Maxim Group raised their target price on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Loop Capital raised their target price on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock worth $9,877,423 in the last quarter. 10.80% of the stock is 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.