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

Nwam LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,934 shares of the e-commerce giant’s stock after purchasing an additional 191 shares during the period. Amazon.com accounts for about 2.0% of Nwam LLC’s holdings, making the stock its 8th biggest holding. Nwam LLC’s holdings in Amazon.com were worth $8,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. BKD Wealth Advisors LLC boosted its stake in shares of Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after purchasing an additional 28 shares during the period. Granite Springs Asset Management LLC boosted its stake in shares of Amazon.com by 6.1% in the second quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock valued at $880,000 after purchasing an additional 30 shares during the period. Cornerstone Advisors Inc. boosted its stake in shares of Amazon.com by 3.9% in the second quarter. Cornerstone Advisors Inc. now owns 802 shares of the e-commerce giant’s stock valued at $1,363,000 after purchasing an additional 30 shares during the period. Private Trust Co. NA boosted its stake in shares of Amazon.com by 0.7% in the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock valued at $7,655,000 after purchasing an additional 31 shares during the period. Finally, Palladium Partners LLC boosted its stake in shares of Amazon.com by 6.9% in the first quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock valued at $714,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 57.36% of the company’s stock.

AMZN has been the subject of several recent research reports. BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 16th. Stifel Nicolaus reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, June 21st. JMP Securities reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, June 21st. Macquarie reissued a “buy” rating on shares of Amazon.com in a research note on Friday, June 22nd. Finally, Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Four analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $2,005.64.

In other news, Director Judith A. Mcgrath sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey A. Wilke sold 1,645 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $1,877.32, for a total transaction of $3,088,191.40. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,773,200. The disclosure for this sale can be found here. Insiders have sold a total of 25,308 shares of company stock valued at $47,905,498 in the last 90 days. Insiders own 16.30% of the company’s stock.

Shares of NASDAQ:AMZN opened at $1,788.61 on Friday. The company has a market cap of $976.95 billion, a PE ratio of 393.10, a P/E/G ratio of 4.17 and a beta of 1.58. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Amazon.com, Inc. has a twelve month low of $962.50 and a twelve month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping the consensus estimate of $2.49 by $2.58. The business had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 17.78 EPS for the current year.

Amazon.com Company 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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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