Magnolia Capital Advisors LLC Makes New $986,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Magnolia Capital Advisors LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 534 shares of the e-commerce giant’s stock, valued at approximately $986,000. Amazon.com makes up 0.9% of Magnolia Capital Advisors LLC’s holdings, making the stock its 26th largest holding.

Other institutional investors have also bought and sold shares of the company. Drexel Morgan & Co. boosted its holdings in shares of Amazon.com by 2.7% during the 4th quarter. Drexel Morgan & Co. now owns 751 shares of the e-commerce giant’s stock worth $1,388,000 after buying an additional 20 shares in the last quarter. Covington Capital Management boosted its holdings in shares of Amazon.com by 1.7% during the 4th quarter. Covington Capital Management now owns 20,187 shares of the e-commerce giant’s stock worth $37,302,000 after buying an additional 335 shares in the last quarter. LWS Wealth Advisors Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $200,000. HBW Advisory Services LLC bought a new position in shares of Amazon.com during the 4th quarter worth approximately $554,000. Finally, Blackhawk Capital Partners LLC. lifted its holdings in shares of Amazon.com by 0.4% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 1,550 shares of the e-commerce giant’s stock worth $2,691,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 56.69% of the company’s stock.

Shares of AMZN traded up $11.97 during trading hours on Tuesday, reaching $1,975.92. 3,171,693 shares of the company’s stock traded hands, compared to its average volume of 7,629,738. The stock has a market cap of $984.68 billion, a PE ratio of 85.87, a price-to-earnings-growth ratio of 2.89 and a beta of 1.54. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The firm’s 50 day simple moving average is $1,955.96 and its 200-day simple moving average is $1,845.07. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $2,185.95.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, January 30th. The e-commerce giant reported $6.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.98 by $2.49. The firm had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $86.09 billion. Amazon.com had a return on equity of 21.07% and a net margin of 4.13%. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the company posted $6.04 EPS. As a group, analysts expect that Amazon.com, Inc. will post 27.42 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. BidaskClub cut Amazon.com from a “buy” rating to a “hold” rating in a report on Tuesday. Bernstein Bank assumed coverage on Amazon.com in a report on Friday, January 10th. They issued a “market perform” rating and a $2,050.00 target price on the stock. Mizuho reiterated a “buy” rating and issued a $2,400.00 target price (up from $2,150.00) on shares of Amazon.com in a report on Friday, January 31st. Bank of America reiterated a “buy” rating and issued a $2,480.00 target price on shares of Amazon.com in a report on Sunday. Finally, Cowen restated an “outperform” rating and set a $2,650.00 price objective (up from $2,400.00) on shares of Amazon.com in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $2,333.20.

In related news, VP Shelley Reynolds sold 380 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $2,135.14, for a total value of $811,353.20. Following the completion of the sale, the vice president now owns 6,307 shares in the company, valued at approximately $13,466,327.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey M. Blackburn sold 3,573 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $2,141.79, for a total value of $7,652,615.67. Following the completion of the transaction, the senior vice president now directly owns 50,659 shares in the company, valued at $108,500,939.61. The disclosure for this sale can be found here. Insiders sold a total of 724,962 shares of company stock valued at $1,482,615,847 in the last 90 days. 16.10% of the stock is currently owned by corporate insiders.

Amazon.com Company 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 third-party sellers through physical stores and online stores.

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

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