Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Westside Investment Management Inc.

Westside Investment Management Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,115 shares of the e-commerce giant’s stock after buying an additional 610 shares during the period. Amazon.com makes up about 2.2% of Westside Investment Management Inc.’s investment portfolio, making the stock its 5th largest holding. Westside Investment Management Inc.’s holdings in Amazon.com were worth $10,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nicholson Meyer Capital Management Inc. acquired a new stake in Amazon.com in the first quarter worth approximately $1,201,000. Nabity Jensen Investment Management Inc lifted its position in Amazon.com by 1.4% in the first quarter. Nabity Jensen Investment Management Inc now owns 8,890 shares of the e-commerce giant’s stock worth $1,691,000 after purchasing an additional 121 shares during the period. Argent Advisors Inc. lifted its position in Amazon.com by 697.6% in the first quarter. Argent Advisors Inc. now owns 11,797 shares of the e-commerce giant’s stock worth $2,244,000 after purchasing an additional 10,318 shares during the period. Valley National Advisers Inc. lifted its position in Amazon.com by 2.0% in the first quarter. Valley National Advisers Inc. now owns 35,749 shares of the e-commerce giant’s stock worth $6,801,000 after purchasing an additional 705 shares during the period. Finally, Jacobsen Capital Management lifted its position in Amazon.com by 2.0% in the first quarter. Jacobsen Capital Management now owns 15,974 shares of the e-commerce giant’s stock worth $3,039,000 after purchasing an additional 312 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 20,947,939 shares of company stock worth $4,720,588,785 in the last 90 days. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 1.7%

Amazon.com stock opened at $232.23 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company’s fifty day moving average price is $215.14 and its two-hundred day moving average price is $208.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.70 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMZN shares. Piper Sandler set a $250.00 target price on Amazon.com and gave the stock an “overweight” rating in a research report on Friday, July 11th. Bank of America increased their price objective on Amazon.com from $248.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore ISI cut their price objective on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Roth Capital set a $250.00 price objective on Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.33.

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.