Mascoma Wealth Management LLC Has $78,000 Position in Amazon.com, Inc. (AMZN)

Mascoma Wealth Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 52 shares of the e-commerce giant’s stock after buying an additional 7 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Amazon.com were worth $78,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Amazon.com by 3.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock worth $109,373,000 after buying an additional 1,599 shares during the period. Ironwood Investment Counsel LLC lifted its holdings in Amazon.com by 39.7% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock worth $1,071,000 after buying an additional 152 shares during the period. Panagora Asset Management Inc. lifted its holdings in Amazon.com by 2.3% in the 3rd quarter. Panagora Asset Management Inc. now owns 447,545 shares of the e-commerce giant’s stock worth $896,433,000 after buying an additional 10,119 shares during the period. Lodestar Investment Counsel LLC IL lifted its holdings in Amazon.com by 60.6% in the 4th quarter. Lodestar Investment Counsel LLC IL now owns 959 shares of the e-commerce giant’s stock worth $1,440,000 after buying an additional 362 shares during the period. Finally, Barry Investment Advisors LLC purchased a new stake in Amazon.com in the 3rd quarter worth approximately $214,000. Institutional investors own 55.96% of the company’s stock.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the transaction, the director now owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the transaction, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,575 shares of company stock valued at $16,638,758. 16.10% of the stock is owned by corporate insiders.

AMZN stock opened at $1,950.55 on Tuesday. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. The company has a market cap of $966.18 billion, a P/E ratio of 96.85, a P/E/G ratio of 2.23 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The company had revenue of $59.70 billion during the quarter, compared to analyst estimates of $59.73 billion. During the same quarter last year, the company earned $3.27 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 26.59 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. Goldman Sachs Group reiterated a “buy” rating and issued a $2,400.00 price objective (up previously from $2,100.00) on shares of Amazon.com in a report on Friday, April 26th. Citigroup reiterated an “in-line” rating and issued a $2,000.00 price objective on shares of Amazon.com in a report on Friday, February 1st. CIBC increased their price objective on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Aegis reiterated a “buy” rating and issued a $2,250.00 price objective (up previously from $2,225.00) on shares of Amazon.com in a report on Friday, April 26th. Finally, Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $2,181.89.

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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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