Merriman Wealth Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,034 shares of the e-commerce giant’s stock after acquiring an additional 62 shares during the quarter. Amazon.com makes up 1.4% of Merriman Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Merriman Wealth Management LLC’s holdings in Amazon.com were worth $6,355,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in AMZN. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Amazon.com by 4.1% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock valued at $231,000 after acquiring an additional 6 shares during the last quarter. Boltwood Capital Management raised its stake in Amazon.com by 1.9% during the 4th quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after acquiring an additional 7 shares during the last quarter. Mascoma Wealth Management LLC raised its stake in Amazon.com by 15.6% during the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares during the last quarter. Cordasco Financial Network raised its stake in shares of Amazon.com by 17.4% during the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock worth $81,000 after buying an additional 8 shares in the last quarter. Finally, Heritage Trust Co raised its stake in shares of Amazon.com by 3.4% during the 4th quarter. Heritage Trust Co now owns 272 shares of the e-commerce giant’s stock worth $409,000 after buying an additional 9 shares in the last quarter. 55.53% of the stock is owned by institutional investors and hedge funds.
Shares of AMZN traded down $17.24 during mid-day trading on Wednesday, reaching $1,819.19. 3,851,957 shares of the company’s stock traded hands, compared to its average volume of 4,779,563. The stock has a market cap of $897.66 billion, a PE ratio of 90.33, a price-to-earnings-growth ratio of 2.08 and a beta of 1.62. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The company had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. During the same quarter in the previous year, the company posted $3.27 earnings per share. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 26.55 EPS for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $1,858.25, for a total transaction of $1,858,250.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,582,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 1,763 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,828.48, for a total transaction of $3,223,610.24. Following the transaction, the chief financial officer now owns 2,479 shares in the company, valued at $4,532,801.92. The disclosure for this sale can be found here. Insiders sold 12,990 shares of company stock worth $24,295,428 in the last ninety days. 16.10% of the stock is owned by corporate insiders.
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Monday, April 29th. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. JMP Securities upped their price target on Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Piper Jaffray Companies upped their price target on Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Bank of America upped their price target on Amazon.com from $2,100.00 to $2,300.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $2,191.89.
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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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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