Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Northwest Bancshares Inc.

Northwest Bancshares Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,529 shares of the e-commerce giant’s stock after selling 525 shares during the quarter. Northwest Bancshares Inc.’s holdings in Amazon.com were worth $1,030,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. ERn Financial LLC grew its position in Amazon.com by 2.2% during the 2nd quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock worth $3,650,000 after purchasing an additional 413 shares in the last quarter. Rockingstone Advisors LLC grew its stake in shares of Amazon.com by 0.3% in the 2nd quarter. Rockingstone Advisors LLC now owns 22,936 shares of the e-commerce giant’s stock valued at $4,432,000 after buying an additional 61 shares in the last quarter. Swedbank AB increased its holdings in Amazon.com by 5.9% in the second quarter. Swedbank AB now owns 13,152,216 shares of the e-commerce giant’s stock worth $2,541,666,000 after buying an additional 735,340 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $1,604,000. Finally, Professional Financial Advisors LLC raised its stake in shares of Amazon.com by 0.9% in the 2nd quarter. Professional Financial Advisors LLC now owns 10,413 shares of the e-commerce giant’s stock valued at $2,012,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $219.39 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 46.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The stock’s 50-day simple moving average is $210.97 and its 200 day simple moving average is $193.40.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on AMZN shares. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Mizuho raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Scotiabank upped their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.