Stockman Wealth Management Inc. Buys 12,883 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Stockman Wealth Management Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 33.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 51,853 shares of the e-commerce giant’s stock after purchasing an additional 12,883 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Amazon.com were worth $4,356,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. McElhenny Sheffield Capital Management LLC acquired a new position in Amazon.com in the 4th quarter valued at approximately $27,000. Retirement Financial Solutions LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at $32,000. Laurel Wealth Planning LLC lifted its position in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the first quarter worth $38,000. Finally, Cowa LLC bought a new stake in Amazon.com in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Trading Down 1.6 %

Shares of NASDAQ AMZN opened at $116.25 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company’s fifty day moving average is $103.63 and its 200-day moving average is $97.03. The stock has a market cap of $1.19 trillion, a price-to-earnings ratio of 276.79, a P/E/G ratio of 4.11 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 1.57 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total value of $707,574.40. Following the completion of the transaction, the chief executive officer now owns 564,298 shares in the company, valued at $53,551,880.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total value of $707,574.40. Following the sale, the chief executive officer now directly owns 564,298 shares in the company, valued at $53,551,880.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,019 shares of company stock worth $6,053,511. Company insiders own 12.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Bank of America lifted their target price on shares of Amazon.com from $135.00 to $139.00 in a research report on Friday, April 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Amazon.com in a report on Thursday, April 20th. Wolfe Research increased their target price on Amazon.com from $130.00 to $140.00 in a report on Friday, April 28th. Moffett Nathanson lowered their price target on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research report on Monday, April 24th. Finally, DA Davidson increased their price objective on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.