Merriman Wealth Management LLC Has $6.01 Million Position in Amazon.com, Inc. (AMZN)

Merriman Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,534 shares of the e-commerce giant’s stock after purchasing an additional 147 shares during the quarter. Amazon.com comprises 1.4% of Merriman Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Merriman Wealth Management LLC’s holdings in Amazon.com were worth $6,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Marcus Capital LLC raised its stake in Amazon.com by 2.4% during the second quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock worth $1,990,000 after acquiring an additional 27 shares in the last quarter. Winthrop Advisory Group LLC raised its stake in Amazon.com by 3.8% during the second quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock worth $1,265,000 after acquiring an additional 27 shares in the last quarter. AMI Investment Management Inc. raised its stake in Amazon.com by 17.6% during the second quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock worth $306,000 after acquiring an additional 27 shares in the last quarter. BKD Wealth Advisors LLC raised its stake in Amazon.com by 3.1% during the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock worth $1,603,000 after acquiring an additional 28 shares in the last quarter. Finally, SignalPoint Asset Management LLC raised its stake in Amazon.com by 2.0% during the second quarter. SignalPoint Asset Management LLC now owns 1,453 shares of the e-commerce giant’s stock worth $2,470,000 after acquiring an additional 29 shares in the last quarter. 55.64% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Jeffrey A. Wilke sold 1,230 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total value of $1,853,536.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $19,817,200. The disclosure for this sale can be found here. Insiders sold 25,842 shares of company stock worth $42,513,241 over the last quarter. 16.30% of the stock is currently owned by company insiders.

Several research analysts have commented on AMZN shares. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Monday, October 29th. Stifel Nicolaus reissued a “buy” rating and set a $2,525.00 target price on shares of Amazon.com in a research note on Friday, October 12th. Nomura reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, November 8th. SunTrust Banks boosted their target price on Amazon.com to $2,250.00 and gave the stock a “buy” rating in a research note on Friday, October 26th. Finally, BidaskClub downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Three equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $2,096.01.

Shares of AMZN stock opened at $1,629.13 on Friday. Amazon.com, Inc. has a one year low of $1,157.00 and a one year high of $2,050.50. The company has a market capitalization of $830.85 billion, a P/E ratio of 104.57, a P/E/G ratio of 3.23 and a beta of 1.70. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 19.49 EPS for the current fiscal year.

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About Amazon.com

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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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