KRS Capital Management LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

KRS Capital Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,785 shares of the e-commerce giant’s stock after acquiring an additional 85 shares during the period. KRS Capital Management LLC’s holdings in Amazon.com were worth $575,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Register Financial Advisors LLC increased its stake in Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after acquiring an additional 148 shares during the last quarter. Cherrydale Wealth Management LLC lifted its position in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its stake in Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. increased its holdings in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 2.6 %

AMZN opened at $174.63 on Friday. The stock’s 50 day moving average price is $177.28 and its 200-day moving average price is $157.06. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market cap of $1.82 trillion, a price-to-earnings ratio of 60.22, a P/E/G ratio of 1.56 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 4.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Oppenheimer upped their price target on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Truist Financial upped their target price on shares of Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research report on Thursday. Finally, Barclays lifted their target price on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $202.80.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. Company insiders own 12.30% 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.