Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Kera Capital Partners Inc.

Kera Capital Partners Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,698 shares of the e-commerce giant’s stock after selling 11,922 shares during the quarter. Amazon.com makes up about 1.8% of Kera Capital Partners Inc.’s investment portfolio, making the stock its 12th largest holding. Kera Capital Partners Inc.’s holdings in Amazon.com were worth $6,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Marcum Wealth LLC boosted its holdings in Amazon.com by 5.0% in the first quarter. Marcum Wealth LLC now owns 41,827 shares of the e-commerce giant’s stock worth $7,958,000 after purchasing an additional 1,998 shares during the period. Global Wealth Strategies & Associates raised its position in shares of Amazon.com by 30.7% during the 1st quarter. Global Wealth Strategies & Associates now owns 6,751 shares of the e-commerce giant’s stock worth $1,284,000 after buying an additional 1,587 shares in the last quarter. Hobart Private Capital LLC raised its position in shares of Amazon.com by 49.9% during the 1st quarter. Hobart Private Capital LLC now owns 4,570 shares of the e-commerce giant’s stock worth $869,000 after buying an additional 1,522 shares in the last quarter. Neville Rodie & Shaw Inc. raised its position in shares of Amazon.com by 1.1% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 111,258 shares of the e-commerce giant’s stock worth $21,168,000 after buying an additional 1,243 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Amazon.com by 0.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 476,826 shares of the e-commerce giant’s stock worth $90,721,000 after purchasing an additional 3,552 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.6%

Shares of NASDAQ AMZN opened at $216.98 on Tuesday. The firm has a market capitalization of $2.30 trillion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm’s 50-day moving average is $192.26 and its 200-day moving average is $208.96.

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

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last ninety days. Company insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMZN shares. Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Monday, June 2nd. Finally, Stifel Nicolaus cut their target price on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Company Profile

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.