Williams Financial LLC Sells 30 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Williams Financial LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65 shares of the e-commerce giant’s stock after selling 30 shares during the quarter. Williams Financial LLC’s holdings in Amazon.com were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMZN. Sphinx Trading LP bought a new position in shares of Amazon.com in the 3rd quarter valued at $30,000. Lion Street Advisors LLC acquired a new stake in Amazon.com in the second quarter valued at about $52,000. Lountzis Asset Management LLC lifted its holdings in shares of Amazon.com by 60.0% in the third quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 6 shares during the last quarter. True Link Financial Advisors LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $72,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $96,000. 56.96% of the stock is owned by institutional investors and hedge funds.

In other Amazon.com news, insider Jeffrey P. Bezos sold 50,034 shares of the business’s stock in a transaction dated Tuesday, November 2nd. The shares were sold at an average price of $3,319.45, for a total value of $166,085,361.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 32,700 shares of the stock in a transaction that occurred on Thursday, November 4th. The shares were sold at an average price of $3,485.57, for a total transaction of $113,978,139.00. The disclosure for this sale can be found here. Insiders sold a total of 86,314 shares of company stock worth $292,824,570 over the last three months. 14.00% of the stock is owned by insiders.

Shares of Amazon.com stock opened at $3,242.76 on Friday. Amazon.com, Inc. has a 52 week low of $2,881.00 and a 52 week high of $3,773.08. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $3,438.21 and a 200-day moving average price of $3,427.83. The company has a market cap of $1.64 trillion, a PE ratio of 63.43, a price-to-earnings-growth ratio of 2.62 and a beta of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 EPS for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The company had revenue of $110.81 billion during the quarter, compared to analysts’ expectations of $111.66 billion. During the same period in the previous year, the company posted $12.37 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 40.79 EPS for the current year.

A number of analysts have weighed in on the stock. Wedbush decreased their target price on shares of Amazon.com from $4,300.00 to $3,950.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Raymond James dropped their target price on Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating for the company in a research report on Friday, October 29th. Credit Suisse Group reduced their price target on Amazon.com from $4,200.00 to $4,100.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. Jefferies Financial Group dropped their price objective on shares of Amazon.com from $4,200.00 to $4,000.00 and set a “buy” rating for the company in a report on Friday, October 29th. Finally, Evercore ISI started coverage on shares of Amazon.com in a report on Tuesday, December 21st. They set an “outperform” rating on the stock. Forty analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $4,201.88.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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