Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Kore Private Wealth LLC

Kore Private Wealth LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 8.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,107 shares of the e-commerce giant’s stock after selling 8,671 shares during the period. Amazon.com comprises approximately 1.9% of Kore Private Wealth LLC’s holdings, making the stock its 13th biggest holding. Kore Private Wealth LLC’s holdings in Amazon.com were worth $10,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fiduciary Planning LLC increased its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the period. HBC Financial Services PLLC raised its position in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. lifted its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. boosted its holdings in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners increased its stake in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. New Street Research assumed coverage on Amazon.com in a research note on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price objective on the stock. Oppenheimer raised their price target on shares of Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Evercore ISI upped their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Tigress Financial reaffirmed a “buy” rating and set a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. Finally, DA Davidson increased their price target on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Price Performance

Shares of AMZN opened at $90.73 on Friday. The business’s fifty day moving average is $95.85 and its 200 day moving average is $102.99. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market cap of $929.73 billion, a P/E ratio of -338.53, a P/E/G ratio of 3.87 and a beta of 1.25.

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). The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.39 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Amazon.com Company Profile

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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.