Williamson Legacy Group LLC Has $2.39 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Williamson Legacy Group LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,893 shares of the e-commerce giant's stock after selling 1,499 shares during the period. Amazon.com comprises about 1.6% of Williamson Legacy Group LLC's holdings, making the stock its 5th largest holding. Williamson Legacy Group LLC's holdings in Amazon.com were worth $2,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMZN. Noble Wealth Management PBC purchased a new position in Amazon.com during the 4th quarter valued at about $1,160,000. US Bancorp DE boosted its stake in shares of Amazon.com by 0.4% in the fourth quarter. US Bancorp DE now owns 5,774,653 shares of the e-commerce giant's stock valued at $1,266,901,000 after purchasing an additional 20,390 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Amazon.com by 1.1% in the fourth quarter. Fisher Asset Management LLC now owns 45,159,737 shares of the e-commerce giant's stock valued at $9,907,595,000 after purchasing an additional 506,166 shares during the period. Noesis Capital Mangement Corp grew its holdings in shares of Amazon.com by 2.2% in the fourth quarter. Noesis Capital Mangement Corp now owns 9,666 shares of the e-commerce giant's stock valued at $2,121,000 after purchasing an additional 205 shares in the last quarter. Finally, Conservest Capital Advisors Inc. boosted its position in Amazon.com by 0.8% in the 4th quarter. Conservest Capital Advisors Inc. now owns 6,651 shares of the e-commerce giant's stock valued at $1,459,000 after buying an additional 50 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Maxim Group increased their price objective on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Roth Mkm boosted their price objective on Amazon.com from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Jefferies Financial Group decreased their price target on shares of Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a research note on Monday. Raymond James increased their price objective on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $260.53.

Amazon.com Stock Up 1.0 %

Shares of Amazon.com stock traded up $1.91 during midday trading on Tuesday, hitting $192.17. The company's stock had a trading volume of 41,171,347 shares, compared to its average volume of 39,975,586. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 34.75, a PEG ratio of 1.50 and a beta of 1.19. The stock has a 50-day simple moving average of $216.15 and a 200-day simple moving average of $209.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by corporate insiders.

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.