Northwest Wealth Management LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Northwest Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 26.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,435 shares of the e-commerce giant’s stock after purchasing an additional 5,351 shares during the period. Amazon.com accounts for approximately 1.1% of Northwest Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Northwest Wealth Management LLC’s holdings in Amazon.com were worth $4,739,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMZN. Foundations Investment Advisors LLC raised its stake in shares of Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after acquiring an additional 16,392 shares in the last quarter. Umpqua Bank boosted its stake in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares in the last quarter. Zhang Financial LLC grew its holdings in Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after purchasing an additional 5,828 shares during the last quarter. BayBridge Capital Group LLC increased its position in shares of Amazon.com by 51.8% during the third quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant’s stock worth $2,677,000 after purchasing an additional 4,905 shares in the last quarter. Finally, Washington Trust Advisors Inc. lifted its holdings in shares of Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock valued at $41,972,000 after purchasing an additional 982 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on AMZN shares. BMO Capital Markets restated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Sanford C. Bernstein boosted their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday. Rosenblatt Securities upped their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Monday, December 16th. Finally, UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Stock Up 0.7 %

Shares of AMZN opened at $224.92 on Friday. The stock has a 50 day moving average price of $205.83 and a 200 day moving average price of $191.38. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % 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, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. Insiders own 10.80% of the company’s stock.

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.