HighMark Wealth Management LLC Acquires 57 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

HighMark Wealth Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,500 shares of the e-commerce giant’s stock after acquiring an additional 57 shares during the quarter. Amazon.com comprises about 0.4% of HighMark Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. HighMark Wealth Management LLC’s holdings in Amazon.com were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cable Hill Partners LLC lifted its position in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares in the last quarter. Northern Capital Management Inc. grew its position in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management grew its holdings in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares in the last quarter. Balanced Wealth Group LLC increased its stake in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after acquiring an additional 48 shares during the last quarter. Finally, ETF Store Inc. grew its holdings in shares of Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after purchasing an additional 48 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $226.13 on Friday. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $213.50 and its two-hundred day moving average is $208.59.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Morgan Stanley increased their target price on shares of Amazon.com from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Raymond James Financial restated an “outperform” rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, Westpark Capital reiterated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 733,195 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the sale, the insider directly owned 894,546,706 shares of the company’s stock, valued at $203,079,993,196.12. The trade was a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock valued at $3,210,622,570 in the last ninety days. 9.70% of the stock is owned by corporate insiders.

Amazon.com Company 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.