Northwest Investment Counselors LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Northwest Investment Counselors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the third quarter, Holdings Channel.com reports. The firm owned 31,877 shares of the e-commerce giant’s stock after purchasing an additional 1,272 shares during the quarter. Amazon.com makes up 1.3% of Northwest Investment Counselors LLC’s investment portfolio, making the stock its 14th largest position. Northwest Investment Counselors LLC’s holdings in Amazon.com were worth $5,940,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMZN. Retirement Guys Formula LLC boosted its stake in shares of Amazon.com by 213.2% during the 3rd quarter. Retirement Guys Formula LLC now owns 9,696 shares of the e-commerce giant’s stock worth $1,807,000 after acquiring an additional 6,600 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in shares of Amazon.com by 8.6% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,057,151 shares of the e-commerce giant’s stock worth $196,404,000 after acquiring an additional 83,726 shares in the last quarter. Little House Capital LLC boosted its stake in shares of Amazon.com by 10.1% during the 3rd quarter. Little House Capital LLC now owns 65,616 shares of the e-commerce giant’s stock worth $12,226,000 after acquiring an additional 6,015 shares in the last quarter. Genesee Capital Advisors LLC boosted its stake in shares of Amazon.com by 28.6% during the 3rd quarter. Genesee Capital Advisors LLC now owns 11,439 shares of the e-commerce giant’s stock worth $2,131,000 after acquiring an additional 2,543 shares in the last quarter. Finally, 1858 Wealth Management LLC boosted its stake in shares of Amazon.com by 3.3% during the 3rd quarter. 1858 Wealth Management LLC now owns 17,154 shares of the e-commerce giant’s stock worth $3,196,000 after acquiring an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $197.12 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a 50-day moving average of $193.00 and a two-hundred day moving average of $186.32. The stock has a market cap of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.37 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. On average, research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. TD Cowen boosted their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. UBS Group increased their target price on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Robert W. Baird lifted their price target on Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $235.77.

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.