Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Nkcfo LLC

Nkcfo LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,803.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,800 shares of the e-commerce giant’s stock after purchasing an additional 117,605 shares during the quarter. Amazon.com makes up approximately 4.6% of Nkcfo LLC’s holdings, making the stock its 3rd biggest holding. Nkcfo LLC’s holdings in Amazon.com were worth $12,936,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Gibson Wealth Advisors LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $33,000. MBM Wealth Consultants LLC increased its position in Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after acquiring an additional 4 shares in the last quarter. William Allan LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $47,000. Cardinal Capital Management Inc. acquired a new stake in Amazon.com in the 1st quarter valued at about $49,000. Finally, Security Financial Services INC. acquired a new stake in Amazon.com in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. Itaú Unibanco started coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price on the stock. Redburn Partners started coverage on shares of Amazon.com in a research note on Wednesday, June 29th. They issued a “buy” rating and a $270.00 target price on the stock. Cowen raised their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Cowen reduced their target price on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 14th. Finally, Loop Capital reduced their target price on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a research note on Friday, May 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $176.61.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The disclosure for this sale can be found here. Insiders have sold a total of 70,628 shares of company stock worth $9,802,599 over the last ninety days. Insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $124.66 on Tuesday. The company has a market cap of $1.27 trillion, a price-to-earnings ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The company’s fifty day simple moving average is $129.52 and its 200 day simple moving average is $130.59. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. Amazon.com’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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