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Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Cherrydale Wealth Management LLC

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Cherrydale Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 156.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 372 shares of the e-commerce giant’s stock after purchasing an additional 227 shares during the period. Amazon.com accounts for about 0.9% of Cherrydale Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Cherrydale Wealth Management LLC’s holdings in Amazon.com were worth $1,212,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. Stuart Chaussee & Associates Inc. acquired a new position in Amazon.com in the fourth quarter worth about $27,000. Econ Financial Services Corp bought a new position in Amazon.com in the fourth quarter worth about $33,000. Gibson Wealth Advisors LLC bought a new position in Amazon.com in the fourth quarter worth about $33,000. Leverty Financial Group LLC bought a new position in Amazon.com in the fourth quarter worth about $36,000. Finally, MBM Wealth Consultants LLC lifted its holdings in Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after acquiring an additional 4 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Raymond James cut their target price on shares of Amazon.com from $197.50 to $165.00 in a report on Friday, April 29th. BMO Capital Markets cut their target price on shares of Amazon.com from $182.50 to $172.50 in a report on Friday, April 29th. BNP Paribas assumed coverage on shares of Amazon.com in a report on Tuesday, March 29th. They issued an “underperform” rating and a $140.00 target price on the stock. Canaccord Genuity Group cut their price target on Amazon.com from $210.00 to $187.50 in a report on Friday, April 29th. Finally, Needham & Company LLC cut their price target on Amazon.com from $207.50 to $175.00 in a report on Friday, April 29th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $182.77.

Insider Transactions at Amazon.com

In related news, CEO David H. Clark sold 2,270 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Shelley Reynolds sold 173 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David H. Clark sold 2,270 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the sale, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,803 shares of company stock worth $10,528,337. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $122.77 on Thursday. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The firm’s 50 day moving average is $112.27 and its 200-day moving average is $137.34. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 59.27, a PEG ratio of 3.70 and a beta of 1.25. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company had revenue of $116.44 billion for the quarter, compared to analyst estimates of $116.52 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. Amazon.com’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 1.15 EPS for the current fiscal year.

About Amazon.com

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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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