William Howard & Co Financial Advisors Inc Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

William Howard & Co Financial Advisors Inc increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,035 shares of the e-commerce giant’s stock after buying an additional 105 shares during the period. William Howard & Co Financial Advisors Inc’s holdings in Amazon.com were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. raised its stake in Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC increased its stake in shares of Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares during the last quarter. Stonebridge Capital Advisors LLC increased its stake in shares of Amazon.com by 2.4% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 201,591 shares of the e-commerce giant’s stock worth $36,363,000 after acquiring an additional 4,659 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Amazon.com by 3.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 153,659 shares of the e-commerce giant’s stock worth $27,717,000 after acquiring an additional 5,494 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Amazon.com by 0.4% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 22,950 shares of the e-commerce giant’s stock worth $4,140,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Piper Sandler raised their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Benchmark raised their target price on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group lifted their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Morgan Stanley boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com 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 completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,030,183 shares of company stock worth $1,252,883,795 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $227.03 on Friday. The business’s 50-day moving average price is $197.39 and its 200 day moving average price is $188.12. Amazon.com, Inc. has a twelve month low of $143.64 and a twelve month high of $227.15. The company has a market capitalization of $2.39 trillion, a PE ratio of 48.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share 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.