Knowledge Leaders Capital LLC Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Knowledge Leaders Capital LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,524 shares of the e-commerce giant’s stock after selling 242 shares during the period. Amazon.com comprises about 1.8% of Knowledge Leaders Capital LLC’s holdings, making the stock its 28th biggest position. Knowledge Leaders Capital LLC’s holdings in Amazon.com were worth $1,143,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares during the period. FMR LLC grew its position in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Northern Trust Corp increased its stake in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Jennison Associates LLC lifted its position in shares of Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Amazon.com by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 22,048 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.79, for a total transaction of $3,721,481.92. Following the transaction, the chief executive officer now owns 2,044,182 shares of the company’s stock, valued at $345,037,479.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders sold a total of 2,132,396 shares of company stock valued at $356,770,280 over the last 90 days. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Oppenheimer increased their price objective on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. UBS Group raised their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Citigroup increased their target price on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Stock Performance

NASDAQ AMZN opened at $183.63 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a market capitalization of $1.91 trillion, a P/E ratio of 51.44, a PEG ratio of 1.35 and a beta of 1.15. The stock has a 50-day simple moving average of $181.16 and a two-hundred day simple moving average of $164.13. Amazon.com, Inc. has a fifty-two week low of $113.78 and a fifty-two week high of $191.70.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Amazon.com Company 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.