Amazon.com, Inc. (NASDAQ:AMZN) is Northwest Capital Management Inc’s 2nd Largest Position

Northwest Capital Management Inc trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,802 shares of the e-commerce giant’s stock after selling 350 shares during the period. Amazon.com comprises about 8.9% of Northwest Capital Management Inc’s investment portfolio, making the stock its 2nd biggest position. Northwest Capital Management Inc’s holdings in Amazon.com were worth $27,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Woodstock Corp raised its position in shares of Amazon.com by 10.0% during the 1st quarter. Woodstock Corp now owns 25,305 shares of the e-commerce giant’s stock valued at $4,565,000 after buying an additional 2,296 shares in the last quarter. Collective Family Office LLC increased its stake in Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares during the last quarter. Osher Van de Voorde Investment Management raised its position in Amazon.com by 7.9% during the first quarter. Osher Van de Voorde Investment Management now owns 117,390 shares of the e-commerce giant’s stock valued at $21,175,000 after purchasing an additional 8,610 shares during the period. Lynch & Associates IN lifted its stake in shares of Amazon.com by 0.6% in the 1st quarter. Lynch & Associates IN now owns 18,790 shares of the e-commerce giant’s stock valued at $3,389,000 after purchasing an additional 106 shares during the last quarter. Finally, Foster Group Inc. lifted its stake in shares of Amazon.com by 1.4% in the 1st quarter. Foster Group Inc. now owns 11,916 shares of the e-commerce giant’s stock valued at $2,149,000 after purchasing an additional 166 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.8 %

Amazon.com stock opened at $186.10 on Friday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The business has a fifty day moving average price of $182.72 and a 200-day moving average price of $171.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.13, a PEG ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,338 shares of company stock valued at $11,894,344. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. UBS Group increased their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Tigress Financial increased their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Wells Fargo & Company lifted their price target on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Citigroup upped their price target on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $213.82.

Amazon.com Company 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.