Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Raised by Kaizen Financial Strategies

Kaizen Financial Strategies lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,683 shares of the e-commerce giant’s stock after purchasing an additional 91 shares during the period. Amazon.com comprises about 1.9% of Kaizen Financial Strategies’ investment portfolio, making the stock its 12th biggest holding. Kaizen Financial Strategies’ holdings in Amazon.com were worth $3,364,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rhumbline Advisers boosted its holdings in Amazon.com by 0.6% in the first quarter. Rhumbline Advisers now owns 17,610,645 shares of the e-commerce giant’s stock worth $3,350,601,000 after purchasing an additional 98,512 shares during the period. Aletheian Wealth Advisors LLC lifted its position in shares of Amazon.com by 11.9% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 9,034 shares of the e-commerce giant’s stock worth $1,719,000 after buying an additional 964 shares during the last quarter. Bowman & Co S.C. boosted its holdings in shares of Amazon.com by 5.5% in the 1st quarter. Bowman & Co S.C. now owns 7,347 shares of the e-commerce giant’s stock valued at $1,398,000 after buying an additional 386 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Amazon.com by 14.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 238,953 shares of the e-commerce giant’s stock valued at $45,463,000 after buying an additional 29,888 shares during the last quarter. Finally, Peoples Bank KS raised its stake in Amazon.com by 2.2% during the first quarter. Peoples Bank KS now owns 11,387 shares of the e-commerce giant’s stock worth $2,166,000 after acquiring an additional 250 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN opened at $213.24 on Friday. 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 firm has a market cap of $2.26 trillion, a PE ratio of 38.56, a P/E/G ratio of 1.50 and a beta of 1.33. The business has a fifty day simple moving average of $194.64 and a 200-day simple moving average of $209.13. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Westpark Capital restated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Scotiabank dropped their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Monday, June 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $244.89.

Insider Buying and Selling at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by corporate insiders.

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.