Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Williams & Novak LLC

Williams & Novak LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,010 shares of the e-commerce giant’s stock after selling 402 shares during the period. Williams & Novak LLC’s holdings in Amazon.com were worth $561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc grew its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com in the first quarter worth $69,000. Innealta Capital LLC bought a new position in shares of Amazon.com in the second quarter worth $77,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after purchasing an additional 199 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMZN shares. The Goldman Sachs Group raised their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday. Rosenblatt Securities raised their target price on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 target price on shares of Amazon.com in a research note on Thursday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research note on Friday. Finally, Telsey Advisory Group raised their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $246.02.

Amazon.com Stock Up 6.2 %

Shares of AMZN opened at $197.93 on Monday. The company has a market capitalization of $2.08 trillion, a PE ratio of 42.38, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $136.47 and a 12 month high of $201.20. The stock’s 50-day moving average price is $184.82 and its two-hundred day moving average price is $183.77. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 4.84 EPS for the current year.

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.