MPS Loria Financial Planners LLC Buys 47 Shares of Amazon.com, Inc. (AMZN)

MPS Loria Financial Planners LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411 shares of the e-commerce giant’s stock after buying an additional 47 shares during the quarter. Amazon.com accounts for approximately 0.7% of MPS Loria Financial Planners LLC’s portfolio, making the stock its 24th largest holding. MPS Loria Financial Planners LLC’s holdings in Amazon.com were worth $699,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMZN. Summit Trail Advisors LLC grew its stake in shares of Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Amazon.com by 198,956.6% in the second quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after purchasing an additional 3,338,491 shares during the last quarter. Natixis grew its stake in shares of Amazon.com by 296.9% in the first quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock worth $287,629,000 after purchasing an additional 148,654 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Amazon.com by 8.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,418,279 shares of the e-commerce giant’s stock worth $2,410,791,000 after purchasing an additional 111,901 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Amazon.com by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,172,604 shares of the e-commerce giant’s stock worth $1,697,157,000 after purchasing an additional 111,563 shares during the last quarter. 56.59% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Andrew R. Jassy sold 1,726 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the completion of the transaction, the chief executive officer now directly owns 88,801 shares in the company, valued at $168,721,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $20,042,500. The disclosure for this sale can be found here. Insiders have sold 36,327 shares of company stock valued at $64,744,896 over the last quarter. Company insiders own 16.30% of the company’s stock.

Several research firms recently issued reports on AMZN. Nomura reissued a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Canaccord Genuity raised their target price on Amazon.com from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Macquarie reissued a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Barclays reissued a “buy” rating and issued a $1,870.00 target price on shares of Amazon.com in a research note on Friday, July 27th. Finally, Loop Capital raised their target price on Amazon.com to $2,200.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and forty-seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $2,091.53.

AMZN stock opened at $1,754.91 on Friday. Amazon.com, Inc. has a 52-week low of $1,115.77 and a 52-week high of $2,050.50. The company has a market cap of $803.28 billion, a PE ratio of 385.69, a price-to-earnings-growth ratio of 3.14 and a beta of 1.70. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The firm had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Sell-side analysts predict that Amazon.com, Inc. will post 19.37 EPS for the current year.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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