7,570 shares in Amazon.com, Inc. (NASDAQ:AMZN) acquired by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC has purchased a new position in Amazon.com, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) in the fourth quarter. The company bought 7,570 shares of the e-commerce giant’s stock worth about $1,150,000. Amazon.com comprises approximately 1.1% of MeadowBrook Investment Advisors LLC’s portfolio, making it the 26th largest company.

Several other hedge funds also adjusted their holdings in the stock. Members Trust Co increased its holdings in Amazon.com by 8.9% in the fourth quarter. Members Trust Co, after purchasing an additional 341 shares during the period, now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp increased its holdings in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the period. In the third quarter, Nicholas Company Inc. increased its shares in Amazon.com by 3.9%. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, Nordea Investment Management AB increased its holdings in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the period. 72.20% of the shares are held by institutional investors and hedge funds.

Amazon.com pricing performance

NASDAQ AMZN shares opened at $180.75 on Tuesday. Amazon.com, Inc. it has a fifty-two week low of $114.31 and a fifty-two week high of $191.70. The company’s 50-day simple moving average is $182.16 and its 200-day simple moving average is $166.67. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s market value is $1.88 trillion, the P/E ratio is 50.63, the P/E/G ratio is 1.29, and the beta is 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released quarterly data on Tuesday, April 30th. The e-commerce giant reported earnings per share of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. During the same period last year, the company earned $0.31 per share. The company’s revenues increased by 12.5% ​​year-on-year. Stock analysts expect Amazon.com, Inc. will see 4.72 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Raymond James increased their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a report on Wednesday, May 1st. Benchmark maintained a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Rosenblatt Securities maintained a “buy” rating and set a price target for Amazon.com shares at $220.00 in a research note on Wednesday, May 1. Finally, Roth Mkm reiterated a “buy” rating and set a $210.00 price target on shares of Amazon.com (up from $205.00) in a research note on Wednesday, May 1st. One analyst has rated the company’s stock with a hold rating, forty-four have issued a buy rating to the company’s stock and one has rated the company’s stock with a strong buy rating. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $211.62.

See our latest research report on AMZN

Insiders place their bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the completion of the sale, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The announcement of this sale can be found here. Over the last three months, insiders sold 117,894 shares of company stock worth $21,363,909. 10.80% of the shares are owned by corporate insiders.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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