Northwest Wealth Management LLC Sells 1,248 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Northwest Wealth Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,084 shares of the e-commerce giant’s stock after selling 1,248 shares during the period. Amazon.com comprises 1.0% of Northwest Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Northwest Wealth Management LLC’s holdings in Amazon.com were worth $3,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC boosted its position in Amazon.com by 7.8% during the 2nd quarter. Addison Advisors LLC now owns 6,252 shares of the e-commerce giant’s stock valued at $1,208,000 after acquiring an additional 454 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Amazon.com by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 53,770 shares of the e-commerce giant’s stock worth $10,391,000 after purchasing an additional 451 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in Amazon.com by 6.9% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 76,593 shares of the e-commerce giant’s stock valued at $14,802,000 after buying an additional 4,963 shares during the last quarter. ICW Investment Advisors LLC lifted its holdings in shares of Amazon.com by 0.8% during the 2nd quarter. ICW Investment Advisors LLC now owns 11,814 shares of the e-commerce giant’s stock valued at $2,283,000 after buying an additional 96 shares during the period. Finally, Wellington Shields Capital Management LLC increased its holdings in Amazon.com by 2.5% during the second quarter. Wellington Shields Capital Management LLC now owns 94,074 shares of the e-commerce giant’s stock valued at $18,180,000 after buying an additional 2,283 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $186.51 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The stock has a market cap of $1.94 trillion, a PE ratio of 52.24, a P/E/G ratio of 1.46 and a beta of 1.14. The stock has a 50 day moving average price of $179.17 and a 200 day moving average price of $182.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Amazon.com in a report on Thursday, September 12th. TD Securities increased their price objective on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Piper Sandler dropped their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Finally, Wolfe Research assumed coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $223.65.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,549,744 shares of company stock worth $309,400,324. Corporate 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.