Meritas Wealth Management LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Meritas Wealth Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,976 shares of the e-commerce giant’s stock after acquiring an additional 256 shares during the quarter. Amazon.com comprises 0.5% of Meritas Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Meritas Wealth Management LLC’s holdings in Amazon.com were worth $741,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Phillips Wealth Planners LLC raised its holdings in Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after acquiring an additional 14,766 shares during the period. Stonekeep Investments LLC acquired a new position in shares of Amazon.com during the 2nd quarter valued at $2,588,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares in the last quarter. Finally, Rockport Wealth LLC raised its position in Amazon.com by 2,240.6% in the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock valued at $14,832,000 after purchasing an additional 73,470 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $186.40 on Friday. Amazon.com, Inc. has a 12-month low of $131.71 and a 12-month high of $201.20. The company has a market cap of $1.96 trillion, a PE ratio of 44.59, a P/E/G ratio of 1.38 and a beta of 1.14. The stock has a 50 day simple moving average of $184.40 and a 200-day simple moving average of $183.65. 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 quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group decreased their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. TD Securities increased their price objective on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Morgan Stanley reissued an “overweight” rating and set a $210.00 target price on shares of Amazon.com in a research report on Thursday, October 3rd. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target for the company. in a report on Friday, August 2nd. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.76.

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.