Wealth Advisors Northwest LLC Takes $9.68 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealth Advisors Northwest LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 44,100 shares of the e-commerce giant's stock, valued at approximately $9,675,000. Amazon.com comprises about 6.6% of Wealth Advisors Northwest LLC's portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. AMF Tjanstepension AB boosted its stake in shares of Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock worth $492,172,000 after purchasing an additional 811,425 shares during the period. Factory Mutual Insurance Co. boosted its stake in shares of Amazon.com by 4.4% during the 3rd quarter. Factory Mutual Insurance Co. now owns 1,488,024 shares of the e-commerce giant's stock worth $277,264,000 after purchasing an additional 62,620 shares during the period. Bright Financial Advisors Inc. boosted its stake in shares of Amazon.com by 4.3% during the 3rd quarter. Bright Financial Advisors Inc. now owns 6,547 shares of the e-commerce giant's stock worth $1,220,000 after purchasing an additional 267 shares during the period. McGlone Suttner Wealth Management Inc. boosted its position in Amazon.com by 23.3% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 10,555 shares of the e-commerce giant's stock valued at $1,967,000 after buying an additional 1,996 shares during the period. Finally, JBR Co Financial Management Inc boosted its position in Amazon.com by 14.1% in the 3rd quarter. JBR Co Financial Management Inc now owns 12,028 shares of the e-commerce giant's stock valued at $2,241,000 after buying an additional 1,482 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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Insider Activity

In other news, 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 in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last three months. Insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Telsey Advisory Group reissued an "outperform" rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Maxim Group boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $260.65.

Amazon.com Stock Performance

NASDAQ AMZN traded up $4.06 during mid-day trading on Friday, reaching $197.95. 38,006,323 shares of the stock were exchanged, compared to its average volume of 38,335,013. The business's 50 day moving average is $222.18 and its 200-day moving average is $207.10. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.10 trillion, a P/E ratio of 35.80, a P/E/G ratio of 1.50 and a beta of 1.19. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.