Kornitzer Capital Management Inc. KS cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,177 shares of the e-commerce giant’s stock after selling 7,250 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Amazon.com were worth $24,085,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USAdvisors Wealth Management LLC increased its stake in Amazon.com by 12.5% in the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after acquiring an additional 359 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in Amazon.com during the fourth quarter worth about $426,000. Veritas Asset Management LLP boosted its holdings in Amazon.com by 19.6% during the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after purchasing an additional 1,286,797 shares in the last quarter. Mayfair Advisory Group LLC grew its stake in shares of Amazon.com by 12.0% in the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after purchasing an additional 488 shares during the period. Finally, Little House Capital LLC raised its holdings in shares of Amazon.com by 6.3% in the 1st quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock worth $3,919,000 after buying an additional 2,251 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Wolfe Research boosted their price target on Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. Robert W. Baird upped their target price on shares of Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. UBS Group lifted their price target on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus upped their price objective on shares of Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Loop Capital raised their price objective on shares of Amazon.com from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.87.
Amazon.com Trading Up 2.2 %
Amazon.com stock opened at $138.01 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The firm has a 50-day moving average of $132.73 and a 200-day moving average of $115.78. The company has a market cap of $1.42 trillion, a price-to-earnings ratio of 108.67, a P/E/G ratio of 1.76 and a beta of 1.26. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $143.63.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. On average, equities analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insider Transactions at Amazon.com
In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The disclosure for this sale can be found here. In the last three months, insiders sold 1,362,329 shares of company stock worth $48,508,072. 12.70% of the stock is owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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