Northwestern Mutual Investment Management Company LLC Sells 65,299 Shares of Amazon.com, Inc. (AMZN)

Northwestern Mutual Investment Management Company LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 81.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,760 shares of the e-commerce giant’s stock after selling 65,299 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Amazon.com were worth $10,563,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in shares of Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after purchasing an additional 186,756 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Amazon.com by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 1,790,451 shares of the e-commerce giant’s stock worth $1,733,174,000 after purchasing an additional 66,086 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Amazon.com by 0.5% in the 1st quarter. American Century Companies Inc. now owns 1,647,564 shares of the e-commerce giant’s stock worth $1,460,631,000 after purchasing an additional 8,704 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Amazon.com by 3.5% in the 2nd quarter. Swiss National Bank now owns 1,481,841 shares of the e-commerce giant’s stock worth $1,434,422,000 after purchasing an additional 50,700 shares during the last quarter. Institutional investors own 59.79% of the company’s stock.

Several equities research analysts have recently weighed in on AMZN shares. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Mizuho reaffirmed a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a report on Monday, August 7th. Needham & Company LLC set a $1,150.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, August 25th. Independent Research reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, August 23rd. Finally, MKM Partners reissued a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 30th. Five investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $1,207.37.

Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,162.35 on Monday. The stock has a market cap of $560,104.13, a PE ratio of 295.01, a price-to-earnings-growth ratio of 14.56 and a beta of 1.47. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a 52-week low of $736.70 and a 52-week high of $1,213.41.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. equities research analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current year.

In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the sale, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. Insiders sold a total of 399,538 shares of company stock worth $441,142,749 over the last quarter. 17.00% of the stock is currently owned by corporate insiders.

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About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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