MBM Wealth Consultants LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

MBM Wealth Consultants LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,999 shares of the e-commerce giant’s stock after selling 134 shares during the period. Amazon.com makes up about 0.5% of MBM Wealth Consultants LLC’s holdings, making the stock its 26th biggest holding. MBM Wealth Consultants LLC’s holdings in Amazon.com were worth $1,443,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AMZN. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $43,000. Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $46,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.2 %

AMZN stock opened at $199.79 on Thursday. The company has a market capitalization of $2.08 trillion, a PE ratio of 55.96, a P/E/G ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The firm’s 50-day moving average is $187.26 and its 200 day moving average is $175.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold 5,847,094 shares of company stock valued at $1,169,058,874 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Argus upped their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Roth Mkm reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday. One analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $217.38.

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.