Well Done LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Well Done LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,585 shares of the e-commerce giant’s stock after purchasing an additional 369 shares during the quarter. Well Done LLC’s holdings in Amazon.com were worth $2,718,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Ellenbecker Investment Group boosted its stake in Amazon.com by 4.1% during the 3rd quarter. Ellenbecker Investment Group now owns 8,180 shares of the e-commerce giant’s stock worth $1,524,000 after purchasing an additional 325 shares during the period. Professional Advisory Services Inc. increased its stake in Amazon.com by 21.5% in the third quarter. Professional Advisory Services Inc. now owns 114,702 shares of the e-commerce giant’s stock valued at $21,372,000 after purchasing an additional 20,326 shares during the period. Kozak & Associates Inc. boosted its stake in shares of Amazon.com by 3.1% during the third quarter. Kozak & Associates Inc. now owns 80,786 shares of the e-commerce giant’s stock worth $15,098,000 after buying an additional 2,394 shares during the period. Madrona Financial Services LLC boosted its stake in shares of Amazon.com by 35.2% during the third quarter. Madrona Financial Services LLC now owns 10,153 shares of the e-commerce giant’s stock worth $1,892,000 after buying an additional 2,644 shares during the period. Finally, Howard Capital Management Group LLC grew its holdings in shares of Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after buying an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Barclays upped their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Pivotal Research initiated coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group upped their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Truist Financial lifted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $235.45.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction 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 approximately $21,989,299.44. This trade represents a 3.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 4.2 %

Shares of AMZN stock opened at $202.61 on Monday. The firm’s 50-day simple moving average is $191.16 and its 200-day simple moving average is $185.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $215.90. The firm has a market cap of $2.13 trillion, a P/E ratio of 43.39, a PEG ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Amazon.com’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current 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.