Tradewinds LLC. Has $10.57 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Tradewinds LLC. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 56,707 shares of the e-commerce giant’s stock after acquiring an additional 1,389 shares during the period. Amazon.com accounts for about 3.3% of Tradewinds LLC.’s portfolio, making the stock its 4th largest position. Tradewinds LLC.’s holdings in Amazon.com were worth $10,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. International Assets Investment Management LLC increased its stake in Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC increased its position in Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after purchasing an additional 3,903,889 shares in the last quarter. Wulff Hansen & CO. lifted its position in Amazon.com by 20,517.4% during the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after purchasing an additional 3,865,485 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Amazon.com in the 3rd quarter worth $492,144,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 0.9 %

Amazon.com stock opened at $219.39 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.31 trillion, a PE ratio of 46.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The stock has a 50-day moving average of $211.67 and a two-hundred day moving average of $193.59. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Susquehanna upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Wedbush boosted their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Evercore ISI raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

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.