Windward Capital Management Co. CA Purchases 409,934 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Windward Capital Management Co. CA lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,911.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,377 shares of the e-commerce giant’s stock after buying an additional 409,934 shares during the period. Amazon.com makes up approximately 4.9% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 2nd biggest position. Windward Capital Management Co. CA’s holdings in Amazon.com were worth $45,817,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Gibson Wealth Advisors LLC bought a new stake in Amazon.com during the fourth quarter worth $33,000. MBM Wealth Consultants LLC lifted its stake in shares of Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after acquiring an additional 4 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com in the 1st quarter valued at $38,000. William Allan LLC bought a new position in shares of Amazon.com in the 4th quarter valued at $47,000. Finally, Cardinal Capital Management Inc. bought a new position in shares of Amazon.com in the 1st quarter valued at $49,000. 57.15% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the transaction, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 7,448 shares of Amazon.com stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.25, for a total transaction of $999,894.00. Following the transaction, the chief executive officer now owns 498,572 shares of the company’s stock, valued at approximately $66,933,291. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the transaction, the chief executive officer now directly owns 1,892,000 shares in the company, valued at approximately $269,212,680. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,628 shares of company stock valued at $9,802,599. 12.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $122.19 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.11. The stock has a market cap of $1.24 trillion, a price-to-earnings ratio of 109.54, a PEG ratio of 5.51 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The firm’s 50-day simple moving average is $129.77 and its 200 day simple moving average is $130.45.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the previous year, the business posted $0.76 EPS. Amazon.com’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JMP Securities increased their price target on Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, July 29th. Loop Capital decreased their price objective on Amazon.com from $187.50 to $141.25 and set a “buy” rating for the company in a report on Friday, May 27th. Telsey Advisory Group increased their price objective on Amazon.com from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Evercore ISI decreased their price objective on Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a report on Friday, June 24th. Finally, Redburn Partners began coverage on Amazon.com in a report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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