MBL Wealth LLC Sells 178 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MBL Wealth LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,178 shares of the e-commerce giant’s stock after selling 178 shares during the quarter. MBL Wealth LLC’s holdings in Amazon.com were worth $3,820,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMZN. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares during the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Norges Bank bought a new position in Amazon.com during the fourth quarter valued at $17,700,551,000. Northern Trust Corp raised its stake in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after acquiring an additional 1,389,503 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent analyst reports. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Citigroup upped their target price on Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James raised their price target on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price objective on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets increased their target price on Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $205.13.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. Insiders own 10.30% of the company’s stock.

Amazon.com Stock Performance

AMZN traded up $5.95 on Friday, reaching $179.62. 43,846,973 shares of the stock were exchanged, compared to its average volume of 36,227,088. The company’s 50-day moving average price is $177.99 and its 200 day moving average price is $158.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market capitalization of $1.87 trillion, a PE ratio of 61.94, a PEG ratio of 1.50 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.11 EPS for the current fiscal 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.