DORCHESTER WEALTH MANAGEMENT Co Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3,043.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,290 shares of the e-commerce giant’s stock after purchasing an additional 11,899 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Amazon.com were worth $1,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LRT Capital Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at about $939,000. Bellecapital International Ltd. increased its stake in Amazon.com by 1,993.8% during the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after buying an additional 67,270 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in Amazon.com by 2.1% during the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after buying an additional 82 shares in the last quarter. Bouchey Financial Group Ltd increased its stake in Amazon.com by 2,027.5% during the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after buying an additional 152,790 shares in the last quarter. Finally, Ervin Investment Management LLC increased its stake in Amazon.com by 1,900.0% during the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after buying an additional 2,793 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Insiders sold 303,988 shares of company stock worth $11,164,283 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Robert W. Baird cut their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. JPMorgan Chase & Co. cut their price objective on Amazon.com from $175.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Cowen lowered their target price on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Jefferies Financial Group lowered their target price on Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Piper Sandler lowered their target price on Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $149.40.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $94.13 on Thursday. The firm has a market capitalization of $960.28 billion, a PE ratio of 86.40, a price-to-earnings-growth ratio of 6.18 and a beta of 1.23. The business’s fifty day moving average price is $109.13 and its 200 day moving average price is $116.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. Amazon.com, Inc. has a 12 month low of $85.87 and a 12 month high of $181.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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