Kitching Partners LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kitching Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,264 shares of the e-commerce giant’s stock after purchasing an additional 631 shares during the quarter. Amazon.com comprises approximately 1.2% of Kitching Partners LLC’s holdings, making the stock its 12th largest holding. Kitching Partners LLC’s holdings in Amazon.com were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Regent Peak Wealth Advisors LLC raised its position in shares of Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock valued at $9,906,000 after buying an additional 318 shares in the last quarter. Weaver Consulting Group raised its position in shares of Amazon.com by 16.8% during the 4th quarter. Weaver Consulting Group now owns 14,152 shares of the e-commerce giant’s stock valued at $3,105,000 after buying an additional 2,035 shares in the last quarter. Worth Asset Management LLC raised its position in shares of Amazon.com by 2.1% during the 4th quarter. Worth Asset Management LLC now owns 3,638 shares of the e-commerce giant’s stock valued at $798,000 after buying an additional 76 shares in the last quarter. Hilltop Wealth Advisors LLC raised its position in shares of Amazon.com by 12.4% during the 4th quarter. Hilltop Wealth Advisors LLC now owns 1,483 shares of the e-commerce giant’s stock valued at $325,000 after buying an additional 164 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Amazon.com by 0.7% during the 4th quarter. Fulton Bank N.A. now owns 141,604 shares of the e-commerce giant’s stock valued at $31,066,000 after buying an additional 924 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AMZN shares. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. BNP Paribas upgraded shares of Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Oppenheimer cut their price target on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Price Performance

Shares of AMZN opened at $204.07 on Wednesday. The company has a market cap of $2.17 trillion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $189.68 and a two-hundred day moving average of $208.79.

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

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock valued at $17,421,044 over the last 90 days. Insiders own 9.70% of the company’s stock.

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.