MFG Wealth Management Inc. Acquires Shares of 16,847 Amazon.com, Inc. (NASDAQ:AMZN)

MFG Wealth Management Inc. acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,847 shares of the e-commerce giant's stock, valued at approximately $3,696,000. Amazon.com makes up approximately 3.4% of MFG Wealth Management Inc.'s portfolio, making the stock its 4th biggest position.

Other large investors also recently bought and sold shares of the company. Hidden Cove Wealth Management LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $1,961,000. Three Bridge Wealth Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $281,000. Naples Global Advisors LLC grew its position in shares of Amazon.com by 1.9% during the fourth quarter. Naples Global Advisors LLC now owns 30,722 shares of the e-commerce giant's stock worth $6,740,000 after buying an additional 563 shares in the last quarter. MontVue Capital Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $221,000. Finally, Channing Global Advisors LLC grew its position in shares of Amazon.com by 44.0% during the fourth quarter. Channing Global Advisors LLC now owns 52,858 shares of the e-commerce giant's stock worth $11,597,000 after buying an additional 16,151 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % 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. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMZN shares. Barclays raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. JMP Securities restated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Oppenheimer raised their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group raised their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $260.65.

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Amazon.com Price Performance

NASDAQ:AMZN opened at $196.59 on Wednesday. The business's 50-day moving average price is $223.12 and its 200 day moving average price is $207.25. The firm has a market cap of $2.08 trillion, a P/E ratio of 35.55, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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 return on equity of 24.25% and a net margin of 9.29%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

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