Wills Financial Group Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,718 shares of the e-commerce giant's stock after selling 1,350 shares during the quarter. Amazon.com comprises 2.6% of Wills Financial Group Inc.'s holdings, making the stock its 17th largest holding. Wills Financial Group Inc.'s holdings in Amazon.com were worth $4,601,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridgefront Capital LLC acquired a new stake in Amazon.com during the first quarter worth $228,000. Krane Funds Advisors LLC boosted its position in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant's stock worth $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC purchased a new position in shares of Amazon.com during the first quarter worth $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com during the first quarter worth $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com during the first quarter worth $191,000. Institutional investors and hedge funds own 57.64% of the company's stock.
Get Amazon.com alerts:Wall Street Analyst Weigh In
Several research firms have recently commented on AMZN. DA Davidson raised their price target on Amazon.com from $114.00 to $134.00 and gave the stock a "buy" rating in a research report on Friday, February 3rd. JMP Securities restated a "market outperform" rating and set a $140.00 price target on shares of Amazon.com in a research report on Friday, February 3rd. New Street Research began coverage on Amazon.com in a research report on Wednesday, January 4th. They set a "buy" rating and a $130.00 price target for the company. MKM Partners lowered their price target on Amazon.com from $145.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, January 18th. Finally, Credit Suisse Group lifted their target price on Amazon.com from $142.00 to $171.00 and gave the company an "outperform" rating in a report on Monday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.87.
Amazon.com Stock Performance
Shares of AMZN stock opened at $93.75 on Tuesday. The stock has a market capitalization of $960.68 billion, a PE ratio of -349.80, a price-to-earnings-growth ratio of 3.91 and a beta of 1.25. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The stock's 50-day moving average price is $95.10 and its 200 day moving average price is $103.74. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion during the quarter, compared to analysts' expectations of $145.72 billion. During the same period in the prior year, the firm posted $1.39 EPS. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $11,368,319.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $11,368,319.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 6,704 shares of the business's stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $636,276.64. Following the sale, the senior vice president now directly owns 87,036 shares in the company, valued at approximately $8,260,586.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is owned by corporate insiders.
Amazon.com Company Profile
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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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