DORCHESTER WEALTH MANAGEMENT Co Buys 62 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,130 shares of the e-commerce giant’s stock after acquiring an additional 62 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Amazon.com were worth $3,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Bull Oak Capital LLC acquired a new stake in Amazon.com in the third quarter valued at approximately $45,000. Quattro Financial Advisors LLC grew its stake in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the fourth quarter worth $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 3.6 %

Shares of AMZN opened at $203.26 on Tuesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market cap of $2.15 trillion, a PE ratio of 36.76, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $218.60 and its 200-day moving average price is $208.62.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley increased their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Oppenheimer lifted their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by corporate insiders.

About Amazon.com

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.