Mayfair Advisory Group LLC Buys 7 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mayfair Advisory Group LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189 shares of the e-commerce giant’s stock after buying an additional 7 shares during the period. Amazon.com accounts for about 1.1% of Mayfair Advisory Group LLC’s investment portfolio, making the stock its 24th largest position. Mayfair Advisory Group LLC’s holdings in Amazon.com were worth $597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC increased its position in Amazon.com by 6.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 3,231 shares of the e-commerce giant’s stock worth $10,523,000 after purchasing an additional 191 shares during the last quarter. NinePointTwo Capital bought a new stake in Amazon.com in the fourth quarter worth $1,896,000. Castle Rock Wealth Management LLC increased its position in Amazon.com by 15.5% in the third quarter. Castle Rock Wealth Management LLC now owns 1,477 shares of the e-commerce giant’s stock worth $4,704,000 after purchasing an additional 198 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Amazon.com by 19.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 24,618 shares of the e-commerce giant’s stock worth $77,437,000 after purchasing an additional 4,048 shares during the last quarter. Finally, Barr E S & Co. increased its position in Amazon.com by 0.3% in the fourth quarter. Barr E S & Co. now owns 14,341 shares of the e-commerce giant’s stock worth $46,708,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 56.39% of the company’s stock.

AMZN opened at $3,309.04 on Friday. Amazon.com, Inc. has a 52-week low of $2,256.38 and a 52-week high of $3,552.25. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.67 trillion, a P/E ratio of 96.90, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. The firm’s 50-day moving average price is $3,166.24 and its 200-day moving average price is $3,193.99.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $7.05 by $7.04. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The company had revenue of $125.56 billion for the quarter, compared to the consensus estimate of $119.73 billion. During the same quarter in the prior year, the company earned $6.47 EPS. Amazon.com’s quarterly revenue was up 43.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 34.59 EPS for the current fiscal year.

In related news, Director Judith A. Mcgrath sold 340 shares of the stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the transaction, the director now owns 1,984 shares in the company, valued at approximately $6,603,446.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David H. Clark sold 1,019 shares of the stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total transaction of $3,319,779.72. Following the completion of the transaction, the chief executive officer now owns 1,452 shares in the company, valued at approximately $4,730,441.76. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on AMZN. Wolfe Research began coverage on shares of Amazon.com in a research report on Thursday, April 1st. They set an “outperform” rating and a $3,720.00 price objective on the stock. MKM Partners boosted their price objective on shares of Amazon.com from $3,750.00 to $3,975.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $4,050.00 to $4,250.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Bank of America boosted their price objective on shares of Amazon.com from $3,650.00 to $4,000.00 in a research report on Thursday, January 21st. Finally, Evercore ISI reiterated an “outperform” rating and set a $4,000.00 price objective on shares of Amazon.com in a research report on Tuesday, April 13th. Two analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $3,932.96.

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

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

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