Keudell Morrison Wealth Management Has $6.77 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Keudell Morrison Wealth Management raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,874 shares of the e-commerce giant’s stock after buying an additional 51 shares during the quarter. Amazon.com comprises approximately 1.8% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 14th biggest holding. Keudell Morrison Wealth Management’s holdings in Amazon.com were worth $6,773,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMZN. Intergy Private Wealth LLC lifted its stake in Amazon.com by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 2,886 shares of the e-commerce giant’s stock worth $633,000 after purchasing an additional 118 shares during the last quarter. Narus Financial Partners LLC grew its stake in shares of Amazon.com by 31.7% in the 4th quarter. Narus Financial Partners LLC now owns 8,629 shares of the e-commerce giant’s stock worth $1,893,000 after acquiring an additional 2,079 shares in the last quarter. Hansen & Associates Financial Group Inc. bought a new position in Amazon.com during the fourth quarter valued at about $7,066,000. Integris Wealth Management LLC boosted its position in Amazon.com by 17.4% during the fourth quarter. Integris Wealth Management LLC now owns 2,994 shares of the e-commerce giant’s stock worth $657,000 after purchasing an additional 443 shares during the period. Finally, AA Financial Advisors LLC boosted its position in shares of Amazon.com by 6.5% in the fourth quarter. AA Financial Advisors LLC now owns 13,393 shares of the e-commerce giant’s stock valued at $2,938,000 after acquiring an additional 819 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Maxim Group lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Evercore ISI raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their target price on Amazon.com from $212.00 to $207.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Price Performance

NASDAQ AMZN opened at $216.58 on Friday. The company has a market capitalization of $2.30 trillion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business’s fifty day moving average is $227.88 and its 200 day moving average is $204.26. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,852 shares of company stock valued at $9,324,151. 10.80% of the stock is currently owned by 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.