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Wealth Management Institute LLC. He owns $13.51 million in Amazon.com, Inc. shares. (NASDAQ:AMZN)


Wealth Management Institute LLC. as shown in the latest 13F filing submitted to the Securities and Exchange Commission (SEC), increased its shares in Amazon.com, Inc. (NASDAQ:AMZN) up 0.1% in the fourth quarter. The fund owned 88,888 shares of the e-commerce giant after purchasing an additional 113 shares during the quarter. Amazon.com owns approximately 2.2% of the shares of Institute for Wealth Management LLC., which makes it the fourth largest company. At the end of the last reporting period, the value of shares of Institute for Wealth Management LLC. on Amazon.com was $13,506,000.

Several other institutional investors have also recently increased or decreased their stakes in AMZN. Lake Hills Wealth Management LLC increased its holdings in Amazon.com by 0.8% in the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares in the last quarter. Veery Capital LLC increased its holdings in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after acquiring an additional 66 shares in the last quarter. Bellwether Advisors LLC increased its holdings in Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after acquiring an additional 66 shares in the last quarter. StrategIQ Financial Group LLC increased its holdings in Amazon.com by 0.3% in the fourth 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. Finally, Marion Wealth Management increased its holdings in Amazon.com by 1.6% in the fourth quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after acquiring an additional 67 shares in the last quarter. Currently, 72.20% of the shares are held by institutional investors.

Buying and selling confidential information

In other Amazon.com news, whistleblower Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $173.27 for a total value of $1,039,420,566.23. Following the transaction, the insider now directly owns 964,256,421 shares of the company’s stock valued at $167,076,710,066.67. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Amazon.com news, whistleblower Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock on Monday, February 12th. The shares were sold at an average price of $173.27, for a total value of $1,039,420,566.23. Following the transaction, the insider now owns 964,256,421 shares of the company’s stock, valued at $167,076,710,066.67. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, Vice President Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97 for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The announcement of this sale can be found here. Insiders sold 20,187,979 shares of company stock worth $3,440,575,337 in the last quarter. 10.80% of the shares are owned by corporate insiders.

Amazon.com Stock Up 0.8%

On Friday, NASDAQ AMZN opened at $189.50. Amazon.com, Inc. it has a 1-year low of $108.05 and a 1-year high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The stock’s 50-day moving average is $179.90 and its two-hundred-day moving average is $161.81. The company’s market capitalization is $1.97 trillion, price-to-earnings ratio is 53.08, PEG ratio is 1.35 and beta is 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported earnings per share of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenues increased by 12.5% ​​compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.31. Stock analysts predict that Amazon.com, Inc. will report 4.67 earnings per share for the current fiscal year.

Analysts set new price targets

AMZN has been the subject of many recent research reports. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. DA Davidson affirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Morgan Stanley increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Susquehanna raised their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Finally, Wedbush affirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One equity research analyst rated the company’s stock with a hold rating, forty-four issued a buy rating and one gave the company’s stock a strong buy rating. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $211.62.

View our latest stock report on Amazon.com

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

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Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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