Westwind Capital Buys 3,355 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Westwind Capital grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,771 shares of the e-commerce giant's stock after buying an additional 3,355 shares during the quarter. Amazon.com accounts for about 6.6% of Westwind Capital's portfolio, making the stock its 5th largest holding. Westwind Capital's holdings in Amazon.com were worth $26,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Western Wealth Management LLC lifted its position in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC lifted its position in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC raised its position in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AMZN. Truist Financial lifted their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Benchmark restated a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday. Finally, UBS Group reissued a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $254.33.

Amazon.com Stock Up 1.6%

Amazon.com stock traded up $3.63 during midday trading on Thursday, reaching $231.92. The company's stock had a trading volume of 30,348,364 shares, compared to its average volume of 44,180,793. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 37.77, a PEG ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock's 50-day simple moving average is $214.60 and its 200-day simple moving average is $208.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,339,470 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $229.39, for a total transaction of $536,651,023.30. Following the completion of the transaction, the insider owned 887,933,999 shares of the company's stock, valued at $203,683,180,030.61. This represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,947,939 shares of company stock worth $4,720,588,785. Company insiders own 9.70% of the company's stock.

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.