7,705 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Meriwether Wealth & Planning LLC

Meriwether Wealth & Planning LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,705 shares of the e-commerce giant's stock, valued at approximately $1,690,000. Amazon.com accounts for approximately 1.2% of Meriwether Wealth & Planning LLC's holdings, making the stock its 16th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Johnson Investment Counsel Inc. lifted its position in shares of Amazon.com by 6.2% in the fourth quarter. Johnson Investment Counsel Inc. now owns 842,884 shares of the e-commerce giant's stock valued at $184,920,000 after acquiring an additional 49,046 shares in the last quarter. Tower Wealth Partners Inc. boosted its stake in Amazon.com by 5.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 4,910 shares of the e-commerce giant's stock worth $1,077,000 after purchasing an additional 253 shares during the last quarter. Gallagher Capital Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth $4,496,000. Daiwa Securities Group Inc. raised its position in shares of Amazon.com by 12.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,064,900 shares of the e-commerce giant's stock valued at $672,409,000 after buying an additional 345,186 shares during the last quarter. Finally, Lowery Thomas LLC lifted its stake in shares of Amazon.com by 80.7% in the fourth quarter. Lowery Thomas LLC now owns 4,680 shares of the e-commerce giant's stock worth $1,027,000 after buying an additional 2,090 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Royal Bank of Canada upped their target price on Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Rosenblatt Securities boosted their price objective on Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a report on Friday, February 7th. Piper Sandler restated an "overweight" rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, UBS Group lifted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.60.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 in the last quarter. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Down 0.3 %

Shares of AMZN stock traded down $0.56 on Monday, reaching $184.31. 8,474,355 shares of the stock were exchanged, compared to its average volume of 41,484,291. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $1.95 trillion, a PE ratio of 33.15, a P/E/G ratio of 1.50 and a beta of 1.39. The stock has a 50 day moving average price of $204.23 and a 200 day moving average price of $208.54.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly 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 return on equity of 24.25% and a net margin of 9.29%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.