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

Williams & Novak LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 28.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,412 shares of the e-commerce giant’s stock after acquiring 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.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Vanguard Group Inc. increased its position in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Norges Bank acquired a new stake in Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Capital Research Global Investors increased its position in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Jennison Associates LLC increased its position in Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after purchasing an additional 295,132 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after purchasing an additional 1,525,922 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMZN shares. Maxim Group increased their target price on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. JMP Securities restated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, July 31st. Truist Financial increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Rosenblatt Securities increased their price target on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $221.69.

Amazon.com Price Performance

NASDAQ AMZN opened at $177.04 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.84 trillion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The firm’s 50-day simple moving average is $183.78 and its two-hundred day simple moving average is $180.98.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Research analysts predict that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Insider Activity at Amazon.com

In related 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 completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,107,817 shares of company stock worth $1,221,241,837. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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.