Well Done LLC Has $2.75 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Well Done LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,216 shares of the e-commerce giant’s stock after selling 1,898 shares during the quarter. Well Done LLC’s holdings in Amazon.com were worth $2,747,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMZN. DecisionPoint Financial LLC increased its stake in shares of Amazon.com by 221.9% in the 4th quarter. DecisionPoint Financial LLC now owns 3,219 shares of the e-commerce giant’s stock valued at $489,000 after acquiring an additional 2,219 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Amazon.com by 0.8% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,210,725 shares of the e-commerce giant’s stock valued at $183,958,000 after purchasing an additional 9,082 shares in the last quarter. Telos Capital Management Inc. raised its holdings in shares of Amazon.com by 0.8% during the fourth quarter. Telos Capital Management Inc. now owns 94,854 shares of the e-commerce giant’s stock valued at $14,412,000 after purchasing an additional 784 shares during the period. Archer Investment Corp boosted its position in shares of Amazon.com by 2.3% during the 4th quarter. Archer Investment Corp now owns 13,268 shares of the e-commerce giant’s stock worth $2,016,000 after purchasing an additional 300 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in shares of Amazon.com by 4.4% in the 4th quarter. Oakworth Capital Inc. now owns 21,684 shares of the e-commerce giant’s stock valued at $3,295,000 after buying an additional 910 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMZN shares. UBS Group increased their price target on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Tigress Financial upped their target price on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Truist Financial lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. The Goldman Sachs Group dropped their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Needham & Company LLC upped their price target on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $222.31.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $173.33 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a market capitalization of $1.80 trillion, a P/E ratio of 48.55, a PEG ratio of 1.34 and a beta of 1.15. The stock has a 50 day moving average price of $181.93 and a two-hundred day moving average price of $181.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

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.