Nwam LLC Has $30.12 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Nwam LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 161,646 shares of the e-commerce giant’s stock after purchasing an additional 12,459 shares during the period. Amazon.com accounts for approximately 1.8% of Nwam LLC’s portfolio, making the stock its 8th biggest position. Nwam LLC’s holdings in Amazon.com were worth $30,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Solitude Financial Services lifted its position in Amazon.com by 56.8% during the 2nd quarter. Solitude Financial Services now owns 2,762 shares of the e-commerce giant’s stock worth $534,000 after buying an additional 1,000 shares in the last quarter. MBL Wealth LLC raised its holdings in Amazon.com by 6.3% during the second quarter. MBL Wealth LLC now owns 22,515 shares of the e-commerce giant’s stock worth $4,351,000 after acquiring an additional 1,337 shares in the last quarter. Hedeker Wealth LLC boosted its position in Amazon.com by 0.7% during the second quarter. Hedeker Wealth LLC now owns 71,230 shares of the e-commerce giant’s stock valued at $13,765,000 after purchasing an additional 489 shares during the last quarter. Signet Investment Advisory Group Inc. grew its stake in Amazon.com by 0.6% in the second quarter. Signet Investment Advisory Group Inc. now owns 14,521 shares of the e-commerce giant’s stock valued at $2,806,000 after purchasing an additional 85 shares in the last quarter. Finally, Marshall Financial Group LLC increased its position in shares of Amazon.com by 1.8% during the 2nd quarter. Marshall Financial Group LLC now owns 7,098 shares of the e-commerce giant’s stock worth $1,372,000 after purchasing an additional 125 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.8 %

Shares of Amazon.com stock opened at $224.19 on Friday. The firm’s 50 day moving average is $212.34 and its 200 day moving average is $193.77. The firm has a market capitalization of $2.36 trillion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for 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 company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMZN shares. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Loop Capital lifted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. UBS Group upped their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Bank of America lifted their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities upped their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $243.44.

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.