Amazon.com, Inc. (NASDAQ:AMZN) is Willner & Heller LLC’s 6th Largest Position

Willner & Heller LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,718 shares of the e-commerce giant’s stock after acquiring an additional 315 shares during the period. Amazon.com comprises approximately 2.4% of Willner & Heller LLC’s holdings, making the stock its 6th biggest holding. Willner & Heller LLC’s holdings in Amazon.com were worth $2,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the 4th quarter valued at $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $40,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $231.03 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm’s 50-day simple moving average is $221.41 and its 200-day simple moving average is $208.64. The firm has a market cap of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on AMZN shares. BNP Paribas Exane raised shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research note on Friday, June 27th. Bank of America boosted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, August 1st. JMP Securities reissued a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $262.87.

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.