MFA Wealth Advisors LLC Reduces Amazon.com, Inc. Stock Holdings

MFA Wealth Advisors LLC has significantly reduced its investment in Amazon.com, Inc. (NASDAQ:AMZN) by 84.8% during the third quarter, as detailed in their latest filing with the Securities and Exchange Commission (SEC). The firm now holds 4,102 shares of Amazon, having sold 22,929 shares throughout this period. As of the recent SEC report, MFA Wealth Advisors LLC’s total holdings in Amazon.com are valued at approximately $764,000.

In addition to MFA’s actions, several other institutional investors have adjusted their Amazon.com holdings in recent months. Vanguard Group Inc. reported a 1.9% increase in its stake during the first quarter, now owning 785,811,114 shares valued at about $141.74 billion after acquiring an additional 14,724,687 shares. Likewise, Swedbank AB entered a new position in Amazon.com worth approximately $2.24 billion during the same quarter. Capital World Investors made a notable increase in their holdings, boosting their position by 64.6% and owning a total of 29,359,677 shares valued at $5.30 billion after adding 11,524,463 shares. Capital Research Global Investors also enhanced their stake by 8.5%, now holding 86,982,857 shares worth around $15.69 billion. In the second quarter, Strategic Financial Concepts LLC expanded their shares in Amazon by an impressive 13,606.7%, now possessing 3,932,580 shares valued at $759.97 million. Collectively, institutional investors own 72.20% of Amazon.com’s stock.

Recent Analyst Ratings and Price Targets

Recently, various analysts have shared their perspectives on Amazon.com stock. Needham & Company LLC increased their price target from $210.00 to $250.00, maintaining a “buy” rating. Similarly, Bank of America raised their price target to $230.00, also with a “buy” recommendation. Stifel Nicolaus adjusted their target price upward from $224.00 to $245.00 while maintaining a “buy” rating. Furthermore, Roth Mkm lifted Amazon’s target from $210.00 to $215.00, and Wedbush set their target at $250.00, describing the stock as “outperform.” Overall, two analysts have given the stock a hold rating, 41 have rated it as a buy, and one has assigned a strong buy rating. According to MarketBeat.com, Amazon currently holds a consensus rating of “Moderate Buy” with a consensus price target of $236.20.

Insider Trading Activities

In insider trading news, CEO Matthew S. Garman sold 15,260 shares of Amazon stock on November 21 for an average price of $200.19, totaling around $3.05 million. After this transaction, he owns 349,261 shares valued at approximately $69.92 million, reflecting a 4.19% decrease in his ownership. Additionally, Director Daniel P. Huttenlocher sold 1,237 shares at an average price of $199.06 on November 19, resulting in a transaction worth $246,237.22. Following this sale, Huttenlocher holds 24,912 shares valued at about $4.96 million, which is a 4.73% decrease in their stake. In total, company insiders have sold 6,026,683 shares of Amazon stock in the last three months, which amounts to a value of $1.25 billion, with company insiders holding 10.80% of the total shares.

Amazon.com Stock Overview

As of the last trading session, Amazon.com shares opened at $207.86. The company boasts a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.51, and a price-to-earnings growth ratio of 1.32, with a beta of 1.14. The stock's moving averages show a 50-day simple average of $193.75 and a 200-day simple average of $186.52. Over the last year, Amazon’s shares have fluctuated between a low of $142.81 and a high of $215.90. The company holds a current ratio of 1.09, a quick ratio of 0.87, and a debt-to-equity ratio of 0.21.

Amazon recently announced its quarterly earnings on October 31, reporting an earnings per share (EPS) of $1.43, exceeding analyst expectations of $1.14 by $0.29. The company recorded a return on equity of 22.41% alongside a net margin of 8.04%. For the quarter, Amazon generated revenue of $158.88 billion, surpassing forecasts that anticipated revenue of $157.28 billion. This marks an 11.0% increase in revenue compared to the same time last year. Analysts predict Amazon.com, Inc. will achieve an EPS of 5.29 for the current fiscal year.

Overview of Amazon.com, Inc.

Amazon.com, Inc. engages in the sale of consumer products, advertising, and subscription services through both online and physical stores worldwide. The firm operates in three primary segments: North America, International, and Amazon Web Services (AWS). Additionally, Amazon produces and sells various electronic devices, including the Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero, and develops media content.

MFA, Amazon, Stock