Williams & Novak LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Williams & Novak LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,095 shares of the e-commerce giant’s stock after buying an additional 85 shares during the quarter. Williams & Novak LLC’s holdings in Amazon.com were worth $679,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fiera Capital Corp lifted its holdings in shares of Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares during the last quarter. Beck Bode LLC purchased a new stake in Amazon.com during the second quarter valued at about $651,000. Asset Management Group Inc. raised its position in Amazon.com by 1.9% during the second quarter. Asset Management Group Inc. now owns 40,648 shares of the e-commerce giant’s stock valued at $7,855,000 after purchasing an additional 764 shares in the last quarter. Arista Wealth Management LLC lifted its stake in Amazon.com by 83.4% during the second quarter. Arista Wealth Management LLC now owns 16,418 shares of the e-commerce giant’s stock worth $3,173,000 after purchasing an additional 7,466 shares during the last quarter. Finally, Tcwp LLC boosted its holdings in shares of Amazon.com by 2.4% in the 2nd quarter. Tcwp LLC now owns 5,733 shares of the e-commerce giant’s stock worth $1,108,000 after purchasing an additional 132 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Redburn Atlantic raised their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Oppenheimer boosted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Rosenblatt Securities lifted their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Scotiabank boosted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, Truist Financial raised their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.74.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,611 shares of company stock valued at $11,122,402 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $226.45 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm’s 50-day moving average is $228.26 and its 200 day moving average is $202.87. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15. 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 (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

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.