Keyvantage Wealth LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Keyvantage Wealth LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,466 shares of the e-commerce giant’s stock, valued at approximately $2,735,000. Amazon.com makes up about 2.0% of Keyvantage Wealth LLC’s holdings, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock valued at $3,757,589,000 after purchasing an additional 984,570 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of Amazon.com by 61.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 298,678 shares of the e-commerce giant’s stock valued at $55,653,000 after purchasing an additional 114,043 shares during the period. Tri Ri Asset Management Corp purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $9,821,000. Asset Advisors Investment Management LLC boosted its stake in shares of Amazon.com by 1.3% during the third quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant’s stock valued at $21,776,000 after purchasing an additional 1,499 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Amazon.com by 0.5% during the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock valued at $8,843,714,000 after purchasing an additional 257,072 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.2%

NASDAQ AMZN opened at $205.59 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market cap of $2.18 trillion, a P/E ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. The stock’s fifty day moving average price is $189.33 and its 200-day moving average price is $208.61. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares of the company’s stock, valued at $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,798 shares of company stock valued at $17,696,733. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Citizens Jmp decreased their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 14th. JMP Securities restated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Jefferies Financial Group decreased their target price on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Westpark Capital restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $244.09.

About Amazon.com

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.