Northwest Bank & Trust Co bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,366 shares of the e-commerce giant’s stock, valued at approximately $2,785,000. Amazon.com accounts for about 2.7% of Northwest Bank & Trust Co’s portfolio, making the stock its 4th largest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Laurel Wealth Planning LLC grew its stake in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in Amazon.com in the 4th quarter worth approximately $37,000. Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $38,000. Ruedi Wealth Management Inc. purchased a new position in Amazon.com in the 4th quarter worth approximately $40,000. Finally, Atlantic Private Wealth LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $43,000. Institutional investors own 57.96% of the company’s stock.
Amazon.com Stock Up 1.6 %
Shares of Amazon.com stock opened at $127.96 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The company has a 50-day moving average of $134.65 and a 200 day moving average of $122.71. The firm has a market cap of $1.32 trillion, a price-to-earnings ratio of 100.76, a PEG ratio of 1.68 and a beta of 1.24. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on AMZN shares. Credit Suisse Group boosted their price target on shares of Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Rosenblatt Securities raised shares of Amazon.com from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $184.00 in a research note on Friday, August 4th. Stifel Nicolaus upped their price objective on shares of Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Tigress Financial upped their price objective on shares of Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $161.30.
Get Our Latest Stock Report on AMZN
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $129.48, for a total transaction of $64,740.00. Following the sale, the chief executive officer now directly owns 149,780 shares of the company’s stock, valued at approximately $19,393,514.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $129.48, for a total transaction of $64,740.00. Following the sale, the chief executive officer now directly owns 149,780 shares in the company, valued at $19,393,514.40. The disclosure for this sale can be found here. Insiders sold a total of 1,408,145 shares of company stock worth $55,144,443 in the last three months. 12.30% of the stock is owned by corporate insiders.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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