Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Merriman Wealth Management LLC

Merriman Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,004 shares of the e-commerce giant’s stock after acquiring an additional 4,433 shares during the period. Amazon.com makes up 0.4% of Merriman Wealth Management LLC’s portfolio, making the stock its 29th biggest position. Merriman Wealth Management LLC’s holdings in Amazon.com were worth $9,864,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Buckingham Capital Management Inc. grew its stake in shares of Amazon.com by 2.4% in the first quarter. Buckingham Capital Management Inc. now owns 107,144 shares of the e-commerce giant’s stock valued at $19,327,000 after buying an additional 2,521 shares in the last quarter. Triangle Securities Wealth Management grew its position in Amazon.com by 1.9% in the first quarter. Triangle Securities Wealth Management now owns 18,173 shares of the e-commerce giant’s stock valued at $3,278,000 after acquiring an additional 346 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Amazon.com by 0.8% during the first quarter. CVA Family Office LLC now owns 20,572 shares of the e-commerce giant’s stock valued at $3,711,000 after purchasing an additional 164 shares during the period. Johnson & White Wealth Management LLC lifted its position in shares of Amazon.com by 11.0% during the first quarter. Johnson & White Wealth Management LLC now owns 7,337 shares of the e-commerce giant’s stock worth $1,323,000 after purchasing an additional 728 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its position in shares of Amazon.com by 1.1% during the first quarter. Daymark Wealth Partners LLC now owns 249,299 shares of the e-commerce giant’s stock worth $44,969,000 after purchasing an additional 2,694 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.0 %

AMZN stock opened at $189.07 on Tuesday. The firm’s 50-day moving average is $182.43 and its two-hundred day moving average is $183.50. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th. Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Maxim Group raised their price objective on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

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.