Westwood Management Corp IL Has $71.03 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Westwood Management Corp IL reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 628,560 shares of the e-commerce giant’s stock after selling 8,300 shares during the quarter. Amazon.com accounts for 9.3% of Westwood Management Corp IL’s holdings, making the stock its 4th biggest holding. Westwood Management Corp IL’s holdings in Amazon.com were worth $71,027,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AMZN. State Street Corp grew its stake in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its stake in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its stake in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after buying an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after purchasing an additional 57,043,701 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $97.25 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The firm has a market capitalization of $992.11 billion, a P/E ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22. The business has a fifty day moving average of $90.72 and a 200 day moving average of $110.26.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same period in the previous year, the firm earned $0.31 EPS. The business’s revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. Moffett Nathanson initiated coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price target on the stock. Cowen reduced their price target on shares of Amazon.com from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 11th. Mizuho reduced their price target on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Royal Bank of Canada reduced their price target on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $145.87.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,428 shares of company stock valued at $5,077,578. Company insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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