Hurlow Wealth Management Group Inc. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 138 shares of the e-commerce giant’s stock, valued at approximately $226,000.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Amazon.com by 4.1% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock valued at $231,000 after acquiring an additional 6 shares during the last quarter. Boltwood Capital Management lifted its stake in Amazon.com by 1.9% in the fourth quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after acquiring an additional 7 shares during the last quarter. Mascoma Wealth Management LLC lifted its stake in Amazon.com by 15.6% in the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares during the last quarter. Cordasco Financial Network lifted its stake in Amazon.com by 17.4% in the fourth quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after acquiring an additional 8 shares during the last quarter. Finally, Miles Capital Inc. lifted its stake in Amazon.com by 1.0% in the fourth quarter. Miles Capital Inc. now owns 777 shares of the e-commerce giant’s stock valued at $1,167,000 after acquiring an additional 8 shares during the last quarter. 55.53% of the stock is currently owned by institutional investors and hedge funds.

AMZN has been the subject of a number of analyst reports. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, February 1st. They issued a “buy” rating and a $1,920.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $2,300.00 target price (down from $2,400.00) on shares of Amazon.com in a research note on Friday, February 1st. Mizuho reduced their target price on shares of Amazon.com to $2,080.00 and set a “buy” rating for the company in a research note on Friday, February 1st. Finally, Deutsche Bank reiterated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a research note on Friday, February 1st. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $2,181.89.

In related news, CEO Jeffrey A. Wilke sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,344,200. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Indra K. Nooyi sold 58 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $1,701.56, for a total transaction of $98,690.48. Following the transaction, the director now owns 150 shares of the company’s stock, valued at $255,234. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,990 shares of company stock valued at $24,295,428. Corporate insiders own 16.10% of the company’s stock.

NASDAQ:AMZN opened at $1,823.28 on Monday. The firm has a market cap of $897.66 billion, a P/E ratio of 90.53, a P/E/G ratio of 2.07 and a beta of 1.62. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.61 by $2.48. The firm had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 26.59 earnings per share for the current fiscal year.

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Amazon.com Company Profile

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 third-party sellers through physical stores and online stores.

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

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