Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Northwest Capital Management Inc

Northwest Capital Management Inc trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 84.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,465 shares of the e-commerce giant’s stock after selling 127,604 shares during the period. Amazon.com accounts for approximately 1.5% of Northwest Capital Management Inc’s holdings, making the stock its 17th biggest position. Northwest Capital Management Inc’s holdings in Amazon.com were worth $4,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Talbot Financial LLC grew its stake in shares of Amazon.com by 2.2% in the third quarter. Talbot Financial LLC now owns 266,918 shares of the e-commerce giant’s stock worth $49,735,000 after purchasing an additional 5,871 shares in the last quarter. Cape ANN Savings Bank grew its position in Amazon.com by 0.6% in the 3rd quarter. Cape ANN Savings Bank now owns 17,976 shares of the e-commerce giant’s stock valued at $3,349,000 after buying an additional 106 shares in the last quarter. Brookstone Capital Management grew its position in Amazon.com by 23.9% in the 3rd quarter. Brookstone Capital Management now owns 458,437 shares of the e-commerce giant’s stock valued at $85,421,000 after buying an additional 88,375 shares in the last quarter. Reliant Investment Management LLC increased its stake in Amazon.com by 2.3% during the 3rd quarter. Reliant Investment Management LLC now owns 34,802 shares of the e-commerce giant’s stock valued at $6,485,000 after buying an additional 775 shares during the period. Finally, City Holding Co. raised its position in shares of Amazon.com by 2.0% during the 3rd quarter. City Holding Co. now owns 91,629 shares of the e-commerce giant’s stock worth $17,073,000 after buying an additional 1,757 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMZN shares. Barclays raised their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Needham & Company LLC lifted their price target on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Amazon.com Price Performance

NASDAQ AMZN opened at $211.48 on Friday. The company has a 50 day moving average price of $189.87 and a two-hundred day moving average price of $185.36. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $215.90. The stock has a market capitalization of $2.22 trillion, a PE ratio of 45.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

About Amazon.com

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.