Amazon.com, Inc. (NASDAQ:AMZN) is Westside Investment Management Inc.’s 6th Largest Position

Westside Investment Management Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,073 shares of the e-commerce giant’s stock after acquiring an additional 629 shares during the quarter. Amazon.com accounts for approximately 2.1% of Westside Investment Management Inc.’s holdings, making the stock its 6th biggest holding. Westside Investment Management Inc.’s holdings in Amazon.com were worth $10,047,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Unigestion Holding SA increased its holdings in shares of Amazon.com by 17.4% in the third quarter. Unigestion Holding SA now owns 19,784 shares of the e-commerce giant’s stock worth $3,686,000 after buying an additional 2,928 shares during the period. Second Line Capital LLC increased its stake in Amazon.com by 141.1% in the 3rd quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant’s stock worth $3,824,000 after purchasing an additional 12,011 shares during the period. TCW Group Inc. increased its stake in Amazon.com by 2.0% in the 3rd quarter. TCW Group Inc. now owns 2,358,623 shares of the e-commerce giant’s stock worth $439,482,000 after purchasing an additional 46,277 shares during the period. Hohimer Wealth Management LLC boosted its stake in shares of Amazon.com by 0.5% during the third quarter. Hohimer Wealth Management LLC now owns 37,417 shares of the e-commerce giant’s stock valued at $6,972,000 after purchasing an additional 188 shares during the period. Finally, Soltis Investment Advisors LLC grew its holdings in shares of Amazon.com by 2.1% in the third quarter. Soltis Investment Advisors LLC now owns 122,716 shares of the e-commerce giant’s stock worth $22,866,000 after purchasing an additional 2,570 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $220.66 on Friday. Amazon.com, Inc. has a one year low of $149.91 and a one year high of $233.00. The stock has a 50-day moving average of $217.35 and a 200 day moving average of $195.93. 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 company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.25, a PEG ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Susquehanna increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Truist Financial increased their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JMP Securities restated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, January 10th. Royal Bank of Canada increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

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.