Amazon.com, Inc. (AMZN) Position Lowered by Nwam LLC

Nwam LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,100 shares of the e-commerce giant’s stock after selling 770 shares during the period. Amazon.com makes up about 1.6% of Nwam LLC’s portfolio, making the stock its 13th biggest position. Nwam LLC’s holdings in Amazon.com were worth $6,158,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Spence Asset Management lifted its stake in Amazon.com by 127.3% in the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 14 shares during the period. Financial Advantage Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $45,000. Contravisory Investment Management Inc. lifted its stake in Amazon.com by 112.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 18 shares during the period. O Brien Wealth Partners LLC lifted its stake in Amazon.com by 104.8% in the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after buying an additional 22 shares during the period. Finally, Mascoma Wealth Management LLC lifted its stake in Amazon.com by 15.6% in the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after buying an additional 7 shares during the period. 56.06% of the stock is currently owned by institutional investors.

Shares of NASDAQ:AMZN opened at $1,858.97 on Tuesday. The firm has a market capitalization of $920.17 billion, a price-to-earnings ratio of 92.30, a price-to-earnings-growth ratio of 2.13 and a beta of 1.62. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.61 by $2.48. The firm had revenue of $59.70 billion during the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.27 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 26.59 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Oppenheimer upped their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,200.00 target price (up from $2,100.00) on shares of Amazon.com in a research report on Friday, April 26th. CIBC upped their target price on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Finally, BidaskClub lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Five analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $2,181.89.

In other news, Director Indra K. Nooyi sold 58 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $1,701.56, for a total transaction of $98,690.48. Following the completion of the transaction, the director now owns 150 shares in the company, valued at approximately $255,234. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 880 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,834.59, for a total value of $1,614,439.20. Following the transaction, the senior vice president now owns 3,902 shares of the company’s stock, valued at approximately $7,158,570.18. The disclosure for this sale can be found here. Insiders have sold a total of 13,635 shares of company stock valued at $25,093,277 in the last quarter. 16.10% of the stock is owned by corporate insiders.

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Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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