Kavar Capital Partners Group LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kavar Capital Partners Group LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,304 shares of the e-commerce giant’s stock after purchasing an additional 279 shares during the quarter. Amazon.com accounts for about 1.1% of Kavar Capital Partners Group LLC’s portfolio, making the stock its 27th biggest position. Kavar Capital Partners Group LLC’s holdings in Amazon.com were worth $6,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Terra Nova Asset Management LLC increased its position in shares of Amazon.com by 5.4% during the first quarter. Terra Nova Asset Management LLC now owns 20,249 shares of the e-commerce giant’s stock valued at $3,853,000 after acquiring an additional 1,043 shares during the last quarter. Aspetuck Financial Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $2,894,000. Pure Financial Advisors LLC increased its position in shares of Amazon.com by 34.3% during the first quarter. Pure Financial Advisors LLC now owns 66,695 shares of the e-commerce giant’s stock valued at $12,689,000 after acquiring an additional 17,051 shares during the last quarter. TSA Wealth Managment LLC increased its position in shares of Amazon.com by 3.5% during the first quarter. TSA Wealth Managment LLC now owns 2,205 shares of the e-commerce giant’s stock valued at $420,000 after acquiring an additional 74 shares during the last quarter. Finally, Security National Bank increased its position in shares of Amazon.com by 3.7% during the first quarter. Security National Bank now owns 74,384 shares of the e-commerce giant’s stock valued at $14,152,000 after acquiring an additional 2,622 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 20,923 shares of the business’s 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. In the last 90 days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Up 1.0%

AMZN opened at $226.13 on Friday. The company has a market cap of $2.40 trillion, a P/E ratio of 36.83, a P/E/G ratio of 1.67 and a beta of 1.33. The business’s 50-day moving average price is $213.50 and its 200-day moving average price is $208.67. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a report on Thursday, July 10th. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a report on Friday, June 27th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. Tigress Financial increased their price objective on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Finally, Scotiabank reduced their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.35.

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.