Nwam LLC Purchases 12,459 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nwam LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,646 shares of the e-commerce giant’s stock after purchasing an additional 12,459 shares during the period. Amazon.com comprises 1.8% of Nwam LLC’s holdings, making the stock its 8th biggest holding. Nwam LLC’s holdings in Amazon.com were worth $30,119,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Oppenheimer increased their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Finally, Moffett Nathanson boosted their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $243.44.

Amazon.com Stock Up 1.8 %

AMZN opened at $224.19 on Friday. The firm has a market cap of $2.36 trillion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month 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 firm’s 50-day simple moving average is $212.34 and its 200-day simple moving average is $193.77.

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