Modus Advisors LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Modus Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,053 shares of the e-commerce giant’s stock after buying an additional 77 shares during the quarter. Amazon.com accounts for approximately 1.5% of Modus Advisors LLC’s investment portfolio, making the stock its 24th largest position. Modus Advisors LLC’s holdings in Amazon.com were worth $3,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advanced Research Investment Solutions LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $26,000. Resolute Partners Group purchased a new stake in shares of Amazon.com during the fourth quarter valued at $26,000. Baron Financial Group LLC purchased a new stake in shares of Amazon.com during the third quarter valued at $31,000. Cowa LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $32,000. Finally, Tacita Capital Inc purchased a new stake in shares of Amazon.com during the fourth quarter valued at $39,000. 56.39% of the stock is owned by institutional investors.

In other news, 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 transaction, the chief executive officer now owns 1,452 shares in the company, valued at approximately $4,730,441.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.

A number of research firms recently weighed in on AMZN. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 4th. Stifel Nicolaus upped their price objective on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $4,400.00 price objective (up from $4,155.00) on shares of Amazon.com in a research note on Wednesday, February 3rd. Cowen upped their price objective on shares of Amazon.com from $4,350.00 to $4,400.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. Finally, Susquehanna upped their price objective on shares of Amazon.com from $4,000.00 to $5,200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 3rd. Two analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $3,930.67.

Amazon.com stock traded up $25.04 during mid-day trading on Thursday, hitting $3,304.43. The company had a trading volume of 62,987 shares, compared to its average volume of 3,599,911. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 12-month low of $2,011.15 and a 12-month high of $3,552.25. The company’s fifty day moving average is $3,112.50 and its 200-day moving average is $3,173.79. The company has a market capitalization of $1.66 trillion, a price-to-earnings ratio of 96.03, a P/E/G ratio of 2.37 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.05 by $7.04. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm had revenue of $125.56 billion for the quarter, compared to analyst estimates of $119.73 billion. During the same quarter last year, the firm posted $6.47 EPS. The business’s revenue was up 43.6% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 34.59 EPS for the current fiscal year.

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.

Further Reading: What is the return on assets (ROA) ratio?

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

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