KCS Wealth Advisory Has $1.69 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

KCS Wealth Advisory boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 15.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,087 shares of the e-commerce giant’s stock after buying an additional 2,695 shares during the period. KCS Wealth Advisory’s holdings in Amazon.com were worth $1,687,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 raised its holdings in shares of 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. Northern Trust Corp increased its holdings in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after buying an additional 90,167,792 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Amazon.com by 1,909.7% during the second quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock worth $4,219,876,000 after buying an additional 37,754,468 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMZN. Roth Capital restated a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Amazon.com in a report on Wednesday, April 12th. Evercore ISI lowered their target price on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Monday, April 3rd. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $125.00 target price on shares of Amazon.com in a report on Thursday, April 20th. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total value of $707,574.40. Following the sale, the chief executive officer now directly owns 564,298 shares in the company, valued at $53,551,880.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total value of $707,574.40. Following the transaction, the chief executive officer now owns 564,298 shares in the company, valued at $53,551,880.20. The disclosure for this sale can be found here. Insiders have sold 61,019 shares of company stock worth $6,053,511 over the last ninety days. Insiders own 12.30% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $116.25 on Monday. The business has a 50 day moving average of $103.63 and a 200-day moving average of $97.07. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a market capitalization of $1.19 trillion, a P/E ratio of 276.79, a P/E/G ratio of 4.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 1.57 earnings per share 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.