Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 943.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 148,674 shares of the e-commerce giant’s stock after purchasing an additional 134,424 shares during the period. Amazon.com makes up 2.9% of Mirabella Financial Services LLP’s holdings, making the stock its 5th biggest holding. Mirabella Financial Services LLP’s holdings in Amazon.com were worth $32,591,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC boosted its stake in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after purchasing an additional 897 shares during the period. Principal Financial Group Inc. boosted its position in shares of Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock worth $3,757,589,000 after buying an additional 984,570 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $14,648,000. Legacy Investment Solutions LLC acquired a new stake in shares of Amazon.com during the third quarter valued at $908,000. Finally, Groupama Asset Managment grew its stake in Amazon.com by 10.8% in the 3rd quarter. Groupama Asset Managment now owns 764,441 shares of the e-commerce giant’s stock worth $142,000 after acquiring an additional 74,806 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.5%

NASDAQ AMZN opened at $210.25 on Thursday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 38.02, a PEG ratio of 1.50 and a beta of 1.30. The stock’s 50 day moving average is $188.94 and its two-hundred day moving average is $208.28. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 over the last 90 days. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Raymond James reaffirmed an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Barclays reduced their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Finally, Piper Sandler restated an “overweight” rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.09.

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.