Amazon.com, Inc. (NASDAQ:AMZN) is Nwam LLC’s 5th Largest Position

Nwam LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,443 shares of the e-commerce giant’s stock after selling 561 shares during the period. Amazon.com makes up approximately 2.7% of Nwam LLC’s portfolio, making the stock its 5th largest position. Nwam LLC’s holdings in Amazon.com were worth $31,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Morgan Stanley reiterated an “overweight” rating and set a $300.00 price target on shares of Amazon.com in a research note on Thursday. DA Davidson lifted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Piper Sandler lifted their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Evercore ISI restated an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $262.87.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last three months. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $231.03 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company’s 50 day simple moving average is $221.41 and its 200 day simple moving average is $208.64. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.