Mission Hills Financial Advisory LLC Makes New $273,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Mission Hills Financial Advisory LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,243 shares of the e-commerce giant's stock, valued at approximately $273,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Cadinha & Co. LLC boosted its holdings in Amazon.com by 755.1% in the fourth quarter. Cadinha & Co. LLC now owns 94,270 shares of the e-commerce giant's stock valued at $20,682,000 after purchasing an additional 83,246 shares during the last quarter. Stillwater Capital Advisors LLC boosted its holdings in Amazon.com by 1.4% during the fourth quarter. Stillwater Capital Advisors LLC now owns 108,929 shares of the e-commerce giant's stock worth $23,898,000 after buying an additional 1,514 shares in the last quarter. Oak Ridge Investments LLC increased its holdings in Amazon.com by 13.1% in the fourth quarter. Oak Ridge Investments LLC now owns 344,705 shares of the e-commerce giant's stock valued at $75,625,000 after buying an additional 39,800 shares in the last quarter. J2 Capital Management Inc acquired a new stake in Amazon.com in the fourth quarter valued at approximately $1,115,000. Finally, HF Advisory Group LLC grew its stake in Amazon.com by 2.8% in the 4th quarter. HF Advisory Group LLC now owns 20,962 shares of the e-commerce giant's stock valued at $4,599,000 after acquiring an additional 575 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.
Several equities research analysts have commented on AMZN shares. Wolfe Research boosted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Truist Financial lifted their price target on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Morgan Stanley upped their price target on Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $251.44.
View Our Latest Stock Analysis on AMZN
Shares of NASDAQ AMZN opened at $237.68 on Monday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $241.77. The company has a market cap of $2.50 trillion, a PE ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a fifty day moving average price of $223.83 and a 200 day moving average price of $198.91.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current year.
In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is owned by company insiders.
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.
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