Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,985 shares of the e-commerce giant’s stock after buying an additional 5,802 shares during the quarter. Amazon.com makes up approximately 1.3% of Northwest Investment Counselors LLC’s investment portfolio, making the stock its 14th largest position. Northwest Investment Counselors LLC’s holdings in Amazon.com were worth $5,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Davidson Investment Advisors raised its holdings in shares of Amazon.com by 1.0% during the third quarter. Davidson Investment Advisors now owns 502,883 shares of the e-commerce giant’s stock valued at $63,926,000 after acquiring an additional 4,748 shares during the last quarter. TAGStone Capital Inc. increased its position in shares of Amazon.com by 0.3% during the third quarter. TAGStone Capital Inc. now owns 63,749 shares of the e-commerce giant’s stock worth $8,104,000 after purchasing an additional 168 shares in the last quarter. Davidson Trust Co. raised its stake in Amazon.com by 32.1% in the 3rd quarter. Davidson Trust Co. now owns 3,909 shares of the e-commerce giant’s stock valued at $497,000 after purchasing an additional 949 shares during the last quarter. Argent Advisors Inc. lifted its holdings in Amazon.com by 2.8% in the 3rd quarter. Argent Advisors Inc. now owns 3,847 shares of the e-commerce giant’s stock valued at $489,000 after purchasing an additional 105 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Amazon.com by 17.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,825,619 shares of the e-commerce giant’s stock worth $232,073,000 after purchasing an additional 268,806 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $193.61 on Thursday. The company has a market cap of $2.01 trillion, a P/E ratio of 54.23, a PEG ratio of 1.33 and a beta of 1.14. The firm has a fifty day moving average price of $182.88 and a 200 day moving average price of $172.28. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $194.80.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Robert W. Baird boosted their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Monness Crespi & Hardt increased their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, UBS Group upped their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $215.74.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the transaction, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is owned by corporate insiders.

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.