Amazon.com, Inc. $AMZN Shares Acquired by KRS Capital Management LLC

KRS Capital Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,700 shares of the e-commerce giant’s stock after purchasing an additional 620 shares during the period. Amazon.com accounts for about 1.0% of KRS Capital Management LLC’s investment portfolio, making the stock its 20th largest position. KRS Capital Management LLC’s holdings in Amazon.com were worth $1,470,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMZN. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the first quarter worth $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com in the 1st quarter worth about $42,000. Finally, Maryland Capital Advisors Inc. boosted its stake in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the transaction, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,911 shares of company stock worth $21,765,202 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler raised their price target on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Oppenheimer reduced their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $268.54.

Amazon.com Trading Up 0.5%

AMZN opened at $230.30 on Thursday. The firm has a market capitalization of $2.46 trillion, a P/E ratio of 35.11, a P/E/G ratio of 1.51 and a beta of 1.28. The firm’s 50 day moving average is $225.17 and its 200-day moving average is $215.34. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.