Keudell Morrison Wealth Management Has $5.93 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Keudell Morrison Wealth Management increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,164 shares of the e-commerce giant’s stock after buying an additional 290 shares during the period. Amazon.com accounts for approximately 1.4% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 13th biggest holding. Keudell Morrison Wealth Management’s holdings in Amazon.com were worth $5,929,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $27,266,582,000. GAMMA Investing LLC raised its stake in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors raised its stake in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.3%

AMZN stock opened at $225.69 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.40 trillion, a PE ratio of 36.76, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a 50-day simple moving average of $210.69 and a two-hundred day simple moving average of $208.38.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on AMZN shares. Rosenblatt Securities increased their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Wedbush reissued an “outperform” rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Morgan Stanley raised their price target on shares of Amazon.com from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $249.42.

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.