Wills Financial Group Inc. Buys 180 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wills Financial Group Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,381 shares of the e-commerce giant’s stock after acquiring an additional 180 shares during the quarter. Amazon.com comprises about 2.8% of Wills Financial Group Inc.’s investment portfolio, making the stock its 10th largest holding. Wills Financial Group Inc.’s holdings in Amazon.com were worth $6,593,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMZN. Temasek Holdings Private Ltd boosted its stake in Amazon.com by 4.0% during the 3rd quarter. Temasek Holdings Private Ltd now owns 5,947,196 shares of the e-commerce giant’s stock valued at $1,108,141,000 after purchasing an additional 228,757 shares during the period. Sphera Funds Management LTD. increased its stake in shares of Amazon.com by 4.1% in the third quarter. Sphera Funds Management LTD. now owns 105,607 shares of the e-commerce giant’s stock valued at $19,678,000 after purchasing an additional 4,175 shares during the period. Stansberry Asset Management LLC raised its holdings in shares of Amazon.com by 19.2% during the third quarter. Stansberry Asset Management LLC now owns 126,502 shares of the e-commerce giant’s stock valued at $23,571,000 after buying an additional 20,384 shares during the last quarter. State Street Corp boosted its position in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the period. Finally, Stevens Capital Management LP grew its holdings in Amazon.com by 409.7% in the 3rd quarter. Stevens Capital Management LP now owns 99,474 shares of the e-commerce giant’s stock worth $18,535,000 after buying an additional 79,958 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Benchmark boosted their price target on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group upped their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Oppenheimer increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Mizuho raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two 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 stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $218.94 on Monday. Amazon.com, Inc. has a one year low of $149.91 and a one year high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $216.20 and a 200 day simple moving average of $195.42. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

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.