Northwest & Ethical Investments L.P. Has $35.19 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Northwest & Ethical Investments L.P. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,855 shares of the e-commerce giant’s stock after acquiring an additional 17,903 shares during the period. Amazon.com comprises approximately 0.9% of Northwest & Ethical Investments L.P.’s investment portfolio, making the stock its 17th largest holding. Northwest & Ethical Investments L.P.’s holdings in Amazon.com were worth $35,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. increased its stake in shares of Amazon.com by 1.7% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 5,243 shares of the e-commerce giant’s stock worth $976,000 after purchasing an additional 90 shares during the last quarter. Vinva Investment Management Ltd grew its position in shares of Amazon.com by 13.4% in the third quarter. Vinva Investment Management Ltd now owns 436,078 shares of the e-commerce giant’s stock valued at $81,970,000 after purchasing an additional 51,399 shares in the last quarter. Elite Wealth Management Inc. raised its stake in shares of Amazon.com by 1.8% during the 3rd quarter. Elite Wealth Management Inc. now owns 226,692 shares of the e-commerce giant’s stock valued at $42,240,000 after purchasing an additional 3,931 shares during the period. Financial Counselors Inc. lifted its stake in Amazon.com by 4.0% in the 3rd quarter. Financial Counselors Inc. now owns 873,687 shares of the e-commerce giant’s stock worth $162,794,000 after purchasing an additional 33,336 shares in the last quarter. Finally, Noesis Capital Mangement Corp boosted its stake in Amazon.com by 24.3% during the third quarter. Noesis Capital Mangement Corp now owns 9,461 shares of the e-commerce giant’s stock valued at $1,763,000 after buying an additional 1,850 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMZN shares. Royal Bank of Canada lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Loop Capital upped their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wedbush lifted their price target on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research 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 company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $243.67.

Amazon.com Trading Down 2.4 %

Shares of AMZN stock opened at $222.11 on Wednesday. Amazon.com, Inc. has a 1 year low of $146.15 and a 1 year high of $233.00. The firm has a fifty day moving average price of $214.48 and a 200-day moving average price of $194.73. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 47.56, a PEG ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous 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 5.29 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on 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 directly owns 88,203 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

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.