Gerber Kawasaki Wealth & Investment Management Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gerber Kawasaki Wealth & Investment Management increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the third quarter, Holdings Channel.com reports. The firm owned 160,494 shares of the e-commerce giant’s stock after acquiring an additional 5,071 shares during the period. Amazon.com makes up approximately 1.7% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 17th biggest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Amazon.com were worth $18,126,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. Kavar Capital Partners Group LLC raised its holdings in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp raised its holdings in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its holdings in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Tigress Financial restated a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a report on Thursday, February 9th. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Cowen increased their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, December 1st. Cowen increased their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Finally, Piper Sandler increased their price target on shares of Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.87.

Amazon.com Stock Performance

AMZN stock opened at $94.88 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The business has a 50-day moving average price of $96.20 and a 200 day moving average price of $101.99. The company has a market capitalization of $972.26 billion, a P/E ratio of -351.41, a PEG ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share 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 the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock worth $6,994,626 over the last three months. 12.70% of the stock is owned by corporate insiders.

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.