Mutual of America Capital Management LLC Purchases 815 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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Mutual of America Capital Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,107 shares of the e-commerce giant’s stock after buying an additional 815 shares during the period. Amazon.com accounts for about 2.1% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Mutual of America Capital Management LLC’s holdings in Amazon.com were worth $192,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Amazon.com by 1.5% in the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after buying an additional 2,686 shares in the last quarter. Graypoint LLC boosted its position in Amazon.com by 57.9% in the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after buying an additional 625 shares in the last quarter. Castle Rock Wealth Management LLC boosted its position in Amazon.com by 10.6% in the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock valued at $5,422,000 after buying an additional 164 shares in the last quarter. AHL Investment Management Inc. boosted its position in Amazon.com by 462.2% in the first quarter. AHL Investment Management Inc. now owns 669 shares of the e-commerce giant’s stock valued at $2,181,000 after buying an additional 550 shares in the last quarter. Finally, Atlas Private Wealth Advisors acquired a new position in shares of Amazon.com during the first quarter worth approximately $6,229,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock opened at $142.57 on Friday. The stock has a market cap of $1.45 trillion, a P/E ratio of 127.81, a P/E/G ratio of 6.11 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The company has a fifty day moving average price of $116.58 and a two-hundred day moving average price of $134.61. Amazon.com, Inc. has a one year low of $101.26 and a one year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 0.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. Barclays upped their target price on shares of Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. UBS Group upped their target price on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. BMO Capital Markets cut their price objective on shares of Amazon.com from $182.50 to $172.50 in a report on Friday, April 29th. Finally, Oppenheimer cut their price objective on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.11.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the sale, the chief executive officer now owns 92,781 shares in the company, valued at $209,870,622. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Andrew R. Jassy sold 1,181 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the sale, the chief executive officer now owns 92,781 shares in the company, valued at approximately $209,870,622. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 761 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $1,650,776.42. Following the sale, the chief financial officer now owns 2,375 shares of the company’s stock, valued at approximately $5,151,897.50. The disclosure for this sale can be found here. Insiders sold a total of 4,803 shares of company stock worth $10,528,337 over the last quarter. 12.70% of the stock is currently owned by insiders.

About Amazon.com

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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