Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,609 shares of the e-commerce giant’s stock after purchasing an additional 1,154 shares during the quarter. Amazon.com accounts for about 3.2% of Kolinsky Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Kolinsky Wealth Management LLC’s holdings in Amazon.com were worth $2,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dohj LLC lifted its holdings in shares of Amazon.com by 1.8% during the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock valued at $2,807,000 after buying an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC purchased a new stake in Amazon.com during the third quarter valued at $2,120,000. Asset Management One Co. Ltd. lifted its holdings in Amazon.com by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after acquiring an additional 32,781 shares during the period. West Coast Financial LLC purchased a new position in shares of Amazon.com in the third quarter worth approximately $210,000. Finally, Gulf International Bank UK Ltd grew its stake in shares of Amazon.com by 1.0% during the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock valued at $172,544,000 after acquiring an additional 15,640 shares during the period. 57.64% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 over the last ninety days. Insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. Susquehanna raised their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. DA Davidson lifted their price objective on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Morgan Stanley increased their target price on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. boosted their target price on Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Finally, Evercore ISI raised their target price on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

Amazon.com Trading Up 0.4 %

AMZN opened at $93.92 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a market cap of $962.42 billion, a P/E ratio of -350.43, a PEG ratio of 3.87 and a beta of 1.25. The business’s 50-day simple moving average is $95.55 and its 200-day simple moving average is $103.36.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same period in the previous year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.