Amazon.com, Inc. (NASDAQ:AMZN) is Northwest & Ethical Investments L.P.’s 5th Largest Position

Northwest & Ethical Investments L.P. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 47.5% in the fourth quarter, HoldingsChannel reports. The firm owned 278,489 shares of the e-commerce giant’s stock after buying an additional 89,634 shares during the quarter. Amazon.com makes up 1.7% of Northwest & Ethical Investments L.P.’s investment portfolio, making the stock its 5th largest position. Northwest & Ethical Investments L.P.’s holdings in Amazon.com were worth $61,096,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Compass Planning Associates Inc bought a new stake in Amazon.com during the fourth quarter valued at about $51,000. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at about $54,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after acquiring an additional 112 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 3.1 %

AMZN stock opened at $167.32 on Tuesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm’s 50-day moving average is $197.21 and its 200 day moving average is $208.09. The company has a market capitalization of $1.77 trillion, a PE ratio of 30.26, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on AMZN. Wedbush reaffirmed an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Bank of America dropped their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Westpark Capital began coverage on Amazon.com in a research note on Tuesday, April 1st. They issued a “buy” rating and a $280.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Barclays lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.90.

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.