DORCHESTER WEALTH MANAGEMENT Co Has $2.16 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

DORCHESTER WEALTH MANAGEMENT Co decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,225 shares of the e-commerce giant’s stock after selling 420 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Amazon.com were worth $2,161,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMZN. Mayflower Financial Advisors LLC lifted its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares during the period. PayPay Securities Corp raised its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the period. Laurel Wealth Planning LLC raised its stake in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com during the 4th quarter worth $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the 1st quarter worth $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.1 %

Shares of AMZN stock opened at $181.28 on Thursday. The firm has a 50 day moving average price of $177.09 and a two-hundred day moving average price of $156.36. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.89 trillion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,798,456 over the last three months. Insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on AMZN shares. Evercore ISI raised their price objective on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their price objective on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays raised their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Bank of America raised their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Piper Sandler raised their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $202.80.

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.