Miller Financial Services LLC Invests $3.97 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Miller Financial Services LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,087 shares of the e-commerce giant’s stock, valued at approximately $3,968,000. Amazon.com accounts for about 3.4% of Miller Financial Services LLC’s holdings, making the stock its 4th largest position.

Other large investors also recently bought and sold shares of the company. Cable Hill Partners LLC boosted its stake in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after buying an additional 44 shares during the period. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management raised its stake in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after acquiring an additional 47 shares during the last quarter. MBM Wealth Consultants LLC lifted its position in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after acquiring an additional 48 shares during the period. Finally, Semus Wealth Partners LLC grew its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.0 %

Amazon.com stock opened at $184.87 on Friday. The stock has a 50-day moving average price of $204.23 and a 200 day moving average price of $208.42. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $1.96 trillion, a PE ratio of 33.43, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. Piper Sandler reissued an “overweight” rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Raymond James boosted their price objective on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Rosenblatt Securities raised their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Scotiabank boosted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $258.19.

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.