Amazon.com, Inc. (NASDAQ:AMZN) is Kingsview Wealth Management LLC’s 6th Largest Position

Kingsview Wealth Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 27.3% during the 3rd quarter, Holdings Channel reports. The firm owned 330,533 shares of the e-commerce giant’s stock after acquiring an additional 70,900 shares during the quarter. Amazon.com comprises about 1.8% of Kingsview Wealth Management LLC’s holdings, making the stock its 6th biggest position. Kingsview Wealth Management LLC’s holdings in Amazon.com were worth $37,351,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the last quarter. State Street Corp grew its holdings in Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC grew its holdings in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on AMZN shares. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Cowen increased their price objective on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, December 1st. The Goldman Sachs Group decreased their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. Wolfe Research increased their price objective on Amazon.com from $115.00 to $130.00 in a research note on Friday, February 3rd. Finally, Morgan Stanley increased their price objective on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned 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 price target of $144.87.

Amazon.com Price Performance

Shares of AMZN opened at $94.88 on Wednesday. The firm has a market cap of $972.26 billion, a price-to-earnings ratio of -351.41, a PEG ratio of 3.74 and a beta of 1.25. The stock has a 50 day moving average of $96.20 and a 200-day moving average of $101.99. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.