M&R Capital Management Inc. Has $14.69 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

M&R Capital Management Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 78,820 shares of the e-commerce giant’s stock after selling 650 shares during the quarter. Amazon.com comprises approximately 3.2% of M&R Capital Management Inc.’s holdings, making the stock its 6th largest position. M&R Capital Management Inc.’s holdings in Amazon.com were worth $14,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Garrison Point Advisors LLC grew its holdings in Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares during the period. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares during the period. Ridgecrest Wealth Partners LLC grew its stake in shares of Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares during the period. Stordahl Capital Management Inc. increased its position in Amazon.com by 2.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares in the last quarter. Finally, Lutz Financial Services LLC raised its stake in Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 57 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $192.73 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a one year low of $131.71 and a one year high of $201.20. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 46.11, a PEG ratio of 1.38 and a beta of 1.14. The business has a fifty day moving average price of $184.20 and a 200-day moving average price of $183.64.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Sanford C. Bernstein boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 24th. JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $240.00 price target on shares of Amazon.com in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $236.76.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.