Mount Vernon Associates Inc. MD Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Mount Vernon Associates Inc. MD lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,863 shares of the e-commerce giant’s stock after selling 372 shares during the quarter. Amazon.com makes up 6.9% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 3rd largest holding. Mount Vernon Associates Inc. MD’s holdings in Amazon.com were worth $8,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $30,000. PayPay Securities Corp boosted its holdings in shares of 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 purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of 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 purchasing an additional 86 shares during the period. Strid Group LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $43,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.49 during trading hours 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 company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.94 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15. The firm has a 50 day moving average of $179.02 and a two-hundred day moving average of $160.32. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two week high of $189.77.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday. Argus boosted their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein upped their target price on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Bank of America upped their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.