Northwest Wealth Management LLC Has $3.26 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Northwest Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 25,627 shares of the e-commerce giant’s stock after buying an additional 352 shares during the quarter. Amazon.com accounts for approximately 1.2% of Northwest Wealth Management LLC’s holdings, making the stock its 26th largest position. Northwest Wealth Management LLC’s holdings in Amazon.com were worth $3,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $228,000. Krane Funds Advisors LLC raised its holdings in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $191,000. Institutional investors own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Wolfe Research raised their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Monness Crespi & Hardt raised their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Raymond James raised their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. BMO Capital Markets initiated coverage on Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective on the stock. Finally, Royal Bank of Canada raised their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $197.95.

Check Out Our Latest Stock Analysis on AMZN

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,120 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total value of $446,752.80. Following the sale, the vice president now owns 119,780 shares in the company, valued at $17,151,298.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,829 shares of company stock worth $8,885,713. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $169.15 on Wednesday. The firm has a market cap of $1.75 trillion, a price-to-earnings ratio of 58.33, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $152.91 and a 200-day moving average price of $141.39. Amazon.com, Inc. has a twelve month low of $88.12 and a twelve month high of $172.50.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 3.72 EPS for the current fiscal year.

About Amazon.com

(Free Report)

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

Further Reading

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

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