Williams & Novak LLC Has $659,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Williams & Novak LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,412 shares of the e-commerce giant’s stock after purchasing an additional 762 shares during the quarter. Williams & Novak LLC’s holdings in Amazon.com were worth $659,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new position in Amazon.com during the 4th quarter valued at $30,000. Strid Group LLC bought a new stake in Amazon.com in the 4th quarter valued at $43,000. Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the period. Clarity Asset Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $46,000. Finally, Steph & Co. bought a new stake in Amazon.com in the 1st quarter valued at $65,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.5 %

Amazon.com stock opened at $177.04 on Friday. The company’s 50 day simple moving average is $183.78 and its 200 day simple moving average is $180.98. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 49.59, a PEG ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.73 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 6,107,817 shares of company stock valued at $1,221,241,837 in the last 90 days. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Securities boosted their price target on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Telsey Advisory Group boosted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. TD Cowen boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Raymond James boosted their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Jefferies Financial Group lowered their target price on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $221.69.

Amazon.com Profile

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.