DORCHESTER WEALTH MANAGEMENT Co Sells 420 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

DORCHESTER WEALTH MANAGEMENT Co decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 14,225 shares of the e-commerce giant’s stock after selling 420 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Amazon.com were worth $2,161,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. StrategIQ Financial Group LLC lifted its position in Amazon.com by 0.3% in the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after acquiring an additional 66 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Amazon.com by 5.0% in the 4th quarter. Venturi Wealth Management LLC now owns 41,919 shares of the e-commerce giant’s stock valued at $6,369,000 after buying an additional 1,997 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in Amazon.com by 9.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 18,072 shares of the e-commerce giant’s stock valued at $2,746,000 after buying an additional 1,548 shares during the last quarter. Better Money Decisions LLC increased its stake in Amazon.com by 2.6% in the 4th quarter. Better Money Decisions LLC now owns 8,183 shares of the e-commerce giant’s stock valued at $1,243,000 after buying an additional 207 shares during the last quarter. Finally, Beacon Financial Advisory LLC increased its stake in Amazon.com by 4.0% in the 4th quarter. Beacon Financial Advisory LLC now owns 13,720 shares of the e-commerce giant’s stock valued at $2,085,000 after buying an additional 532 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock worth $5,505,798,456 in the last 90 days. 12.70% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Benchmark increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Oppenheimer increased their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada increased their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Morgan Stanley increased their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $202.80.

Amazon.com Stock Performance

NASDAQ AMZN opened at $181.28 on Thursday. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a P/E/G ratio of 1.60 and a beta of 1.16. The company has a fifty day moving average of $177.09 and a 200-day moving average of $156.36.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

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.