Northwest Investment Counselors LLC Has $637,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Northwest Investment Counselors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 424 shares of the e-commerce giant’s stock after acquiring an additional 64 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Amazon.com were worth $637,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AMZN. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Amazon.com by 4.1% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock valued at $231,000 after acquiring an additional 6 shares during the last quarter. Boltwood Capital Management raised its stake in Amazon.com by 1.9% during the 4th quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after acquiring an additional 7 shares during the last quarter. Mascoma Wealth Management LLC raised its stake in Amazon.com by 15.6% during the 4th quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares during the last quarter. Cordasco Financial Network raised its stake in Amazon.com by 17.4% during the 4th quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after acquiring an additional 8 shares during the last quarter. Finally, Heritage Trust Co raised its stake in Amazon.com by 3.4% during the 4th quarter. Heritage Trust Co now owns 272 shares of the e-commerce giant’s stock valued at $409,000 after acquiring an additional 9 shares during the last quarter. 55.53% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Monday, April 29th. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. JMP Securities upped their price target on Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Piper Jaffray Companies upped their price target on Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Bank of America increased their target price on Amazon.com from $2,100.00 to $2,300.00 and gave the company a “buy” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $2,191.89.

NASDAQ:AMZN traded down $17.24 during midday trading on Wednesday, hitting $1,819.19. 3,851,957 shares of the stock were exchanged, compared to its average volume of 4,779,563. The stock has a market cap of $897.66 billion, a price-to-earnings ratio of 90.33, a PEG ratio of 2.08 and a beta of 1.62. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,050.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The company had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. During the same quarter in the prior year, the company earned $3.27 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 26.55 EPS for the current year.

In other news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the transaction, the vice president now directly owns 6,307 shares in the company, valued at approximately $11,594,284.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $19,344,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,990 shares of company stock worth $24,295,428. Corporate insiders own 16.10% of the company’s stock.

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About Amazon.com

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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