Kesler Norman & Wride LLC Sells 397 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kesler Norman & Wride LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 8.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,302 shares of the e-commerce giant’s stock after selling 397 shares during the period. Kesler Norman & Wride LLC’s holdings in Amazon.com were worth $361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. Dohj LLC increased its position 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 purchasing an additional 451 shares during the last quarter. Bassett Hargrove Investment Counsel LLC purchased a new stake in Amazon.com in the 3rd quarter worth approximately $2,120,000. Obermeyer Wood Investment Counsel Lllp increased its holdings in Amazon.com by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after acquiring an additional 3,840 shares in the last quarter. Sarasin & Partners LLP increased its holdings in Amazon.com by 0.7% in the 4th quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after acquiring an additional 17,993 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Amazon.com by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock worth $472,980,000 after acquiring an additional 32,781 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,874 shares of the stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Andrew R. Jassy sold 23,874 shares of the stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total value of $50,835.00. Following the completion of the transaction, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The disclosure for this sale can be found here. Insiders sold 74,133 shares of company stock valued at $7,233,467 over the last quarter. Company insiders own 12.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. Tigress Financial reissued a “buy” rating and issued a $192.00 target price on shares of Amazon.com in a report on Thursday, February 9th. Wells Fargo & Company dropped their price target on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Morgan Stanley upped their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Oppenheimer dropped their price target on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $111.20 on Tuesday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The business has a 50-day moving average of $101.77 and a 200-day moving average of $96.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The company has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 264.76, a PEG ratio of 3.73 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 1.54 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.