Northwest Wealth Management LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Northwest Wealth Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,469 shares of the e-commerce giant’s stock after buying an additional 796 shares during the quarter. Northwest Wealth Management LLC’s holdings in Amazon.com were worth $2,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its stake in shares of Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares during the last quarter. State Street Corp raised its stake in shares of Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 purchasing an additional 295,880,050 shares during the last quarter. FMR LLC raised its stake in shares of 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 purchasing an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of 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 purchasing an additional 90,167,792 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMZN shares. Cowen upped their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Tigress Financial restated a “buy” rating and set a $192.00 price target on shares of Amazon.com in a research note on Thursday, February 9th. Moffett Nathanson dropped their price objective on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a report on Monday, April 24th. Oppenheimer dropped their price objective on Amazon.com from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th. Finally, Bank of America upped their price objective on Amazon.com from $135.00 to $139.00 in a report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Stock Performance

NASDAQ AMZN opened at $116.25 on Friday. The business’s 50-day moving average price is $103.63 and its 200 day moving average price is $97.03. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company has a market capitalization of $1.19 trillion, a PE ratio of 276.79, a price-to-earnings-growth ratio of 4.02 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the transaction, the chief executive officer now directly owns 150,120 shares in the company, valued at $16,562,739.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the transaction, the chief executive officer now directly owns 150,120 shares in the company, valued at approximately $16,562,739.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total value of $707,574.40. Following the completion of the transaction, the chief executive officer now owns 564,298 shares in the company, valued at $53,551,880.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,019 shares of company stock worth $6,053,511. 12.30% of the stock is owned by company insiders.

About Amazon.com

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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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.