Northwestern Mutual Wealth Management Co. Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Northwestern Mutual Wealth Management Co. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,847,177 shares of the e-commerce giant's stock after purchasing an additional 14,766 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Amazon.com were worth $550,217,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Phillips Wealth Planners LLC grew its position in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant's stock worth $487,000 after buying an additional 224 shares during the last quarter. Stonekeep Investments LLC purchased a new stake in Amazon.com in the second quarter worth $2,588,000. Rockport Wealth LLC boosted its holdings in Amazon.com by 2,240.6% in the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant's stock valued at $14,832,000 after acquiring an additional 73,470 shares in the last quarter. Concord Investment Counsel Inc. purchased a new position in Amazon.com during the 1st quarter valued at $20,790,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant's stock worth $116,222,000 after purchasing an additional 133,471 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMZN shares. Roth Mkm boosted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Piper Sandler cut their price objective on Amazon.com from $220.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Benchmark reissued a "buy" rating and issued a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Bank of America dropped their price target on Amazon.com from $220.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Finally, Truist Financial upped their price target on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $236.76.

Amazon.com Price Performance

Shares of AMZN traded up $0.56 during midday trading on Monday, hitting $188.39. 27,880,121 shares of the company traded hands, compared to its average volume of 40,931,258. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.77, a PEG ratio of 1.38 and a beta of 1.14. The firm has a 50 day moving average of $183.71 and a 200-day moving average of $183.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 52 week low of $128.56 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is owned by corporate 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.