Murphy & Mullick Capital Management Corp Invests $1.70 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Murphy & Mullick Capital Management Corp acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,745 shares of the e-commerce giant's stock, valued at approximately $1,699,000. Amazon.com comprises approximately 1.6% of Murphy & Mullick Capital Management Corp's investment portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC lifted its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC boosted its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the period. Compass Planning Associates Inc bought a new position in Amazon.com in the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $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 104,798 shares of company stock worth $23,341,803 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC restated a "buy" rating and set a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Citizens Jmp dropped their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $247.56.

Amazon.com Price Performance

AMZN stock traded up $2.45 during 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. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company's 50-day moving average price is $193.52 and its two-hundred day moving average price is $207.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.00 trillion, a P/E ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39.

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

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.