Willis Johnson & Associates Inc. Purchases 2,994 Shares of Amazon.com, Inc. $AMZN

Willis Johnson & Associates Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30.2% in the third quarter, HoldingsChannel.com reports. The firm owned 12,924 shares of the e-commerce giant’s stock after acquiring an additional 2,994 shares during the period. Willis Johnson & Associates Inc.’s holdings in Amazon.com were worth $2,838,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allegheny Financial Group boosted its stake in Amazon.com by 1.0% in the 3rd quarter. Allegheny Financial Group now owns 13,660 shares of the e-commerce giant’s stock worth $2,999,000 after purchasing an additional 139 shares during the period. TPG Advisors LLC lifted its position in shares of Amazon.com by 3.9% in the third quarter. TPG Advisors LLC now owns 8,997 shares of the e-commerce giant’s stock worth $1,975,000 after buying an additional 334 shares in the last quarter. GK Wealth Management LLC raised its holdings in shares of Amazon.com by 0.5% during the 3rd quarter. GK Wealth Management LLC now owns 25,575 shares of the e-commerce giant’s stock worth $5,616,000 after acquiring an additional 122 shares in the last quarter. Mechanics Financial Corp increased its position in Amazon.com by 1.1% in the third quarter. Mechanics Financial Corp now owns 17,917 shares of the e-commerce giant’s stock worth $3,934,000 after purchasing an additional 190 shares during the last quarter. Finally, Caprock Group LLC bought a new position in Amazon.com during the third quarter valued at $77,593,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the transaction, the chief executive officer directly owned 2,238,118 shares of the company’s stock, valued at $459,217,051.24. This represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the sale, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 71,686 shares of company stock worth $14,688,739 over the last ninety days. Company insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $216.82 on Thursday. The firm’s fifty day simple moving average is $225.48 and its two-hundred day simple moving average is $227.39. The firm has a market capitalization of $2.33 trillion, a P/E ratio of 30.24, a P/E/G ratio of 1.56 and a beta of 1.40. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMZN shares. Loop Capital boosted their target price on Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Wedbush dropped their target price on Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. New Street Research dropped their price objective on Amazon.com from $350.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Wells Fargo & Company set a $304.00 target price on shares of Amazon.com and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $287.29.

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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

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