Western Pacific Wealth Management LP Has $4.20 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Western Pacific Wealth Management LP lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 37,157 shares of the e-commerce giant’s stock after purchasing an additional 3,728 shares during the quarter. Amazon.com comprises about 4.2% of Western Pacific Wealth Management LP’s holdings, making the stock its 3rd biggest holding. Western Pacific Wealth Management LP’s holdings in Amazon.com were worth $4,198,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in Amazon.com by 1,869.1% in 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 purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD increased its position in Amazon.com by 1,838.8% in 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 purchasing an additional 295,880,050 shares during the period. FMR LLC increased its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Northern Trust Corp grew its position in shares of Amazon.com by 1,867.0% during the 2nd 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 during the period. Finally, Legal & General Group Plc grew its position in shares of Amazon.com by 1,944.4% during the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after buying an additional 57,043,701 shares during the period. 57.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMZN shares. Evercore ISI decreased their target price on Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, December 19th. Moffett Nathanson started coverage on Amazon.com in a research report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 target price for the company. Mizuho decreased their target price on Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Truist Financial decreased their target price on Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Atlantic Securities decreased their target price on Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research report 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 345 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock valued at $5,077,578 in the last ninety days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 3.8 %

AMZN stock opened at $97.25 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $90.72 and its 200 day simple moving average is $110.23. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The firm has a market capitalization of $992.11 billion, a PE ratio of 89.26, a PEG ratio of 3.06 and a beta of 1.22.

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 analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current year.

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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