Cherrydale Wealth Management LLC Has $1.14 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cherrydale Wealth Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 20.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,327 shares of the e-commerce giant’s stock after acquiring an additional 1,067 shares during the quarter. Amazon.com makes up about 0.5% of Cherrydale Wealth Management LLC’s holdings, making the stock its 22nd biggest holding. Cherrydale Wealth Management LLC’s holdings in Amazon.com were worth $1,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. FMR LLC lifted its position in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the 4th quarter valued at $17,700,551,000. Northern Trust Corp grew its holdings in shares of Amazon.com by 3.7% during the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after acquiring an additional 1,389,503 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Robert W. Baird increased their price objective on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. UBS Group lifted their target price on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $215.74.

Amazon.com Stock Up 3.9 %

Shares of NASDAQ:AMZN opened at $193.61 on Thursday. The company’s fifty day moving average is $182.88 and its 200-day moving average is $172.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $194.80. The company has a market capitalization of $2.01 trillion, a PE ratio of 54.23, a P/E/G ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 over the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com 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.