Selway Asset Management Has $4.29 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Selway Asset Management boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 43.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,020 shares of the e-commerce giant's stock after purchasing an additional 7,000 shares during the period. Amazon.com comprises approximately 1.7% of Selway Asset Management's holdings, making the stock its 20th largest position. Selway Asset Management's holdings in Amazon.com were worth $4,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Northwestern Mutual Wealth Management Co. lifted its position in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant's stock worth $550,217,000 after acquiring an additional 14,766 shares during the last quarter. GAMMA Investing LLC increased its position in Amazon.com by 19.2% in the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant's stock worth $22,211,000 after buying an additional 19,231 shares during the period. Stonekeep Investments LLC acquired a new position in shares of Amazon.com during the second quarter worth approximately $2,588,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Amazon.com by 164.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant's stock worth $203,677,000 after purchasing an additional 654,908 shares during the period. Finally, Rockport Wealth LLC grew its position 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 during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. 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 stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock valued at $10,215,097 in the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 0.6 %

AMZN traded down $1.34 during midday trading on Monday, hitting $206.84. 29,706,365 shares of the company were exchanged, compared to its average volume of 41,385,402. The firm has a market capitalization of $2.17 trillion, a P/E ratio of 44.33, a P/E/G ratio of 1.40 and a beta of 1.14. The firm's 50 day moving average price is $187.83 and its 200-day moving average price is $184.71. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $212.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business earned $0.85 EPS. The company's revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMZN shares. Bank of America upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Cantor Fitzgerald reissued an "overweight" rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. DA Davidson reaffirmed a "buy" rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Monness Crespi & Hardt boosted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Oppenheimer raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.

About Amazon.com

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.