Northwest Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% during the 1st quarter, HoldingsChannel reports. The fund owned 946 shares of the e-commerce giant’s stock after acquiring an additional 78 shares during the quarter. Amazon.com comprises 1.5% of Northwest Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Northwest Wealth Management LLC’s holdings in Amazon.com were worth $3,083,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Stuart Chaussee & Associates Inc. bought a new position in shares of Amazon.com during the fourth quarter worth about $27,000. Gibson Wealth Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $33,000. Leverty Financial Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $36,000. MBM Wealth Consultants LLC boosted its holdings in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares during the last quarter. Finally, William Allan LLC bought a new position in Amazon.com in the fourth quarter valued at $47,000. 72.51% of the stock is owned by institutional investors and hedge funds.
Amazon.com Price Performance
Amazon.com stock opened at $134.16 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The stock has a market capitalization of $1.36 trillion, a P/E ratio of 120.27, a price-to-earnings-growth ratio of 5.15 and a beta of 1.33. The stock has a fifty day moving average of $115.29 and a 200-day moving average of $134.71.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same period in the previous year, the firm posted $0.76 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 1.12 earnings per share for the current fiscal year.
Insider Activity at Amazon.com
In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the business’s 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 $4,924,129.40. Following the sale, the chief executive officer now owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO David H. Clark sold 2,270 shares of the business’s 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 owns 6,695 shares in the company, valued at approximately $14,522,927.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 761 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the completion of the transaction, the chief financial officer now directly owns 2,375 shares of the company’s stock, valued at approximately $5,151,897.50. The disclosure for this sale can be found here. Insiders sold a total of 4,803 shares of company stock valued at $10,528,337 in the last quarter. Insiders own 12.70% of the company’s stock.
Analyst Ratings Changes
AMZN has been the topic of several analyst reports. StockNews.com raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research report on Monday. Evercore ISI reduced their price target on Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. UBS Group boosted their price target on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. JMP Securities raised their target price on shares of Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, July 29th. Finally, Stifel Nicolaus upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “maintains” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.45.
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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