Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Mason & Associates Inc

Mason & Associates Inc increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.0% in the 1st quarter, HoldingsChannel reports. The firm owned 17,903 shares of the e-commerce giant’s stock after acquiring an additional 2,856 shares during the quarter. Amazon.com makes up approximately 0.8% of Mason & Associates Inc’s holdings, making the stock its 23rd largest holding. Mason & Associates Inc’s holdings in Amazon.com were worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Jefferies Financial Group cut their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada reduced their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.60.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 224,926 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $223.56, for a total value of $50,284,456.56. Following the completion of the transaction, the insider owned 905,454,975 shares of the company’s stock, valued at approximately $202,423,514,211. This trade represents a 0.02% 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 13,570 shares of Amazon.com stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Up 1.5%

NASDAQ:AMZN opened at $223.13 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock’s fifty day moving average is $205.76 and its two-hundred day moving average is $208.76. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.