Williams & Novak LLC Has $1.26 Million Position in Amazon.com, Inc. $AMZN

Williams & Novak LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,728 shares of the e-commerce giant’s stock after buying an additional 1,919 shares during the period. Amazon.com comprises 1.1% of Williams & Novak LLC’s portfolio, making the stock its 26th largest holding. Williams & Novak LLC’s holdings in Amazon.com were worth $1,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Ridgecrest Wealth Partners LLC boosted its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares during the last quarter. Bare Financial Services Inc boosted its holdings in shares of Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after buying an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 1.2% in the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after buying an additional 48 shares during the last quarter. Cobblestone Asset Management LLC boosted its holdings in shares of Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after buying an additional 50 shares during the last quarter. Finally, Seek First Inc. boosted its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,411 shares of company stock worth $21,222,702 over the last 90 days. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. CIBC raised their price target on Amazon.com to $315.00 in a report on Monday, October 20th. Cowen restated a “buy” rating on shares of Amazon.com in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Scotiabank increased their price target on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Finally, Wedbush raised their price target on shares of Amazon.com from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $289.88.

Amazon.com Stock Performance

Shares of AMZN opened at $244.22 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a 50-day moving average of $225.49 and a 200-day moving average of $215.83. The company has a market cap of $2.60 trillion, a PE ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $250.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.