Midwest Capital Advisors LLC Buys Shares of 414 Amazon.com, Inc. (NASDAQ:AMZN)

Midwest Capital Advisors LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 414 shares of the e-commerce giant’s stock, valued at approximately $91,000.

A number of other institutional investors have also recently made changes to their positions in the stock. AMF Tjanstepension AB lifted its stake in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Swedbank AB raised its holdings in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC bought a new stake in Amazon.com in the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC boosted its stake in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after buying an additional 897 shares in the last quarter. Finally, Meridian Management Co. grew its position in Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after acquiring an additional 7,246 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.2 %

NASDAQ AMZN opened at $205.71 on Wednesday. The stock’s fifty day moving average price is $218.36 and its 200-day moving average price is $208.86. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.18 trillion, a P/E ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last three months. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Needham & Company LLC restated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. HSBC lifted their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Oppenheimer lifted their price target on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Company 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.