Meritas Wealth Management LLC Sells 100 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Meritas Wealth Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,876 shares of the e-commerce giant’s stock after selling 100 shares during the quarter. Amazon.com makes up approximately 0.5% of Meritas Wealth Management LLC’s holdings, making the stock its 25th biggest position. Meritas Wealth Management LLC’s holdings in Amazon.com were worth $850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hoese & Co LLP bought a new stake in Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the third quarter worth about $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the third quarter valued at approximately $56,000. IFS Advisors LLC grew its stake in Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $88,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock opened at $242.06 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.55 trillion, a PE ratio of 51.83, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business’s 50-day moving average price is $224.55 and its two-hundred day moving average price is $199.36.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. Wedbush reissued an “outperform” rating and issued a $280.00 target price (up from $260.00) on shares of Amazon.com in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Oppenheimer boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Susquehanna lifted their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Morgan Stanley upped their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.56.

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.