McMill Wealth Management Invests $797,000 in Amazon.com, Inc. (NASDAQ:AMZN)

McMill Wealth Management acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,632 shares of the e-commerce giant's stock, valued at approximately $797,000.

Other large investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $25,000. Accordant Advisory Group Inc raised its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Finally, Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ:AMZN traded up $0.68 during trading hours on Thursday, reaching $207.91. 51,794,788 shares of the company were exchanged, compared to its average volume of 42,029,545. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock's 50-day moving average is $191.06 and its 200-day moving average is $208.60. The firm has a market cap of $2.21 trillion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI cut their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now owns 517,050 shares of the company's stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Profile

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.