Northwest Quadrant Wealth Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 446 shares of the e-commerce giant’s stock after selling 17 shares during the period. Amazon.com accounts for approximately 0.4% of Northwest Quadrant Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. Northwest Quadrant Wealth Management LLC’s holdings in Amazon.com were worth $849,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signet Investment Advisory Group Inc. bought a new position in Amazon.com during the fourth quarter worth about $33,000. Financial Advantage Inc. bought a new position in Amazon.com during the fourth quarter worth about $45,000. O Brien Wealth Partners LLC lifted its holdings in Amazon.com by 104.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after acquiring an additional 22 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares in the last quarter. 57.32% of the stock is owned by institutional investors.
NASDAQ AMZN opened at $1,898.53 on Wednesday. The firm has a market capitalization of $956.63 billion, a P/E ratio of 94.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.57. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The firm has a fifty day moving average of $1,936.62. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44.
AMZN has been the topic of several recent analyst reports. Robert W. Baird set a $81.00 target price on W. R. Grace & Co and gave the stock a “buy” rating in a report on Friday, July 26th. Loop Capital set a $2,380.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Monday, July 15th. Morgan Stanley set a $70.00 target price on Edison International and gave the stock a “hold” rating in a report on Monday, July 15th. Barclays upgraded Amazon.com from an “outperform” rating to a “buy” rating in a report on Monday. Finally, Societe Generale began coverage on Amazon.com in a research report on Monday, April 8th. They set a “buy” rating and a $2,370.00 price target on the stock. Three analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $2,248.39.
In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at $185,228,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 379 shares of the company’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 sale, the vice president now directly owns 6,307 shares in the company, valued at approximately $11,594,284.24. The disclosure for this sale can be found here. Insiders sold 16,493 shares of company stock valued at $31,862,157 over the last 90 days. 16.10% of the stock is currently owned by company insiders.
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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