Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Mendel Capital Management LLC

Mendel Capital Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,820 shares of the e-commerce giant’s stock after acquiring an additional 155 shares during the period. Mendel Capital Management LLC’s holdings in Amazon.com were worth $1,277,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMZN. Whalerock Point Partners LLC raised its position in shares of Amazon.com by 1.5% in the fourth quarter. Whalerock Point Partners LLC now owns 72,573 shares of the e-commerce giant’s stock valued at $15,922,000 after buying an additional 1,045 shares during the last quarter. Shorepoint Capital Partners LLC increased its position in Amazon.com by 2.4% during the fourth quarter. Shorepoint Capital Partners LLC now owns 22,186 shares of the e-commerce giant’s stock worth $4,867,000 after purchasing an additional 527 shares during the last quarter. Mission Creek Capital Partners Inc. increased its position in Amazon.com by 10.7% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 55,925 shares of the e-commerce giant’s stock worth $11,232,000 after purchasing an additional 5,394 shares during the last quarter. Oak Wealth Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth about $342,000. Finally, Berger Financial Group Inc increased its position in Amazon.com by 0.9% during the fourth quarter. Berger Financial Group Inc now owns 96,670 shares of the e-commerce giant’s stock worth $21,208,000 after purchasing an additional 870 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.2%

Shares of NASDAQ:AMZN opened at $205.59 on Monday. The firm’s 50 day moving average price is $189.33 and its 200 day moving average price is $208.77. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s 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 sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,798 shares of company stock valued at $17,696,733. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMZN shares. Raymond James restated an “outperform” rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Stifel Nicolaus cut their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Jefferies Financial Group cut their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Rosenblatt Securities increased their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

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.