Mountain Hill Investment Partners Corp. Invests $6.66 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Mountain Hill Investment Partners Corp. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,354 shares of the e-commerce giant's stock, valued at approximately $6,659,000. Amazon.com makes up 6.8% of Mountain Hill Investment Partners Corp.'s investment portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Rench Wealth Management Inc. grew its holdings in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after purchasing an additional 3,703 shares during the period. Blankinship & Foster LLC raised its holdings in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after acquiring an additional 4,740 shares in the last quarter. One Wealth Capital Management LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $4,270,000. Floyd Financial Group LLC acquired a new position in Amazon.com in the fourth quarter valued at $4,494,000. Finally, Patton Albertson Miller Group LLC lifted its holdings in shares of Amazon.com by 2.7% during the fourth quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant's stock worth $4,122,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded up $2.45 during midday trading on Friday, hitting $188.99. The stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. The firm has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39. 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 50-day simple moving average of $193.52 and a 200 day simple moving average of $208.05. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate 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 research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America dropped their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Barclays boosted their price target on Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. DA Davidson reduced their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. HSBC increased their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, Wedbush reiterated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $247.56.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 in the last 90 days. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.