Northwest Wealth Management LLC Has $4.73 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Northwest Wealth Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,536 shares of the e-commerce giant's stock after selling 3,899 shares during the period. Amazon.com makes up approximately 1.0% of Northwest Wealth Management LLC's investment portfolio, making the stock its 25th largest holding. Northwest Wealth Management LLC's holdings in Amazon.com were worth $4,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Wellington Shields Capital Management LLC boosted its holdings in shares of Amazon.com by 285.0% in the fourth quarter. Wellington Shields Capital Management LLC now owns 367,023 shares of the e-commerce giant's stock valued at $81,000 after buying an additional 271,693 shares during the period. Renasant Bank increased its holdings in Amazon.com by 0.9% during the 4th quarter. Renasant Bank now owns 8,319 shares of the e-commerce giant's stock worth $1,825,000 after purchasing an additional 75 shares in the last quarter. King Wealth Management Group raised its stake in shares of Amazon.com by 15.2% in the 4th quarter. King Wealth Management Group now owns 54,663 shares of the e-commerce giant's stock valued at $11,992,000 after purchasing an additional 7,197 shares during the period. May Barnhard Investments LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at about $1,269,000. Finally, Atala Financial Inc bought a new position in shares of Amazon.com during the fourth quarter worth about $2,685,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN traded down $1.82 during trading hours on Friday, reaching $172.51. The stock had a trading volume of 44,456,290 shares, compared to its average volume of 41,728,394. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $1.83 trillion, a PE ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39. The company's 50-day moving average is $198.44 and its two-hundred day moving average is $208.04.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Telsey Advisory Group reissued an "outperform" rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Piper Sandler restated an "overweight" rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Citizens Jmp reduced their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Citigroup lowered their price target on Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $252.73.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last ninety days. 10.80% of the stock is currently owned by insiders.

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.