Stockman Wealth Management Inc. Has $21.93 Million Stock Position in Amazon.com, Inc. $AMZN

Stockman Wealth Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 95,003 shares of the e-commerce giant’s stock after buying an additional 2,624 shares during the period. Amazon.com makes up 2.5% of Stockman Wealth Management Inc.’s holdings, making the stock its 10th biggest holding. Stockman Wealth Management Inc.’s holdings in Amazon.com were worth $21,929,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC raised its stake in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 60 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in Amazon.com during the third quarter worth $27,000. Bridge Generations Wealth Management LLC increased its stake in Amazon.com by 2,330.0% in the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 233 shares in the last quarter. Cooksen Wealth LLC increased its stake in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new stake in Amazon.com in the second quarter valued at $79,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 10,649 shares of Amazon.com stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $8,461,661.70. This trade represents a 20.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 190,593 shares of company stock valued at $46,081,241 over the last three months. Corporate insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Amazon.com from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Susquehanna reaffirmed a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and issued a $333.00 price target (up from $304.00) on shares of Amazon.com in a research note on Wednesday, April 29th. Finally, Mizuho lifted their price target on shares of Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $312.52.

Get Our Latest Stock Analysis on AMZN

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $264.14 on Monday. The stock has a market capitalization of $2.84 trillion, a P/E ratio of 31.60, a P/E/G ratio of 1.98 and a beta of 1.46. The company has a 50-day moving average price of $234.47 and a 200-day moving average price of $230.69. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The firm had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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