Kathmere Capital Management LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kathmere Capital Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 71.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,776 shares of the e-commerce giant’s stock after purchasing an additional 3,658 shares during the quarter. Kathmere Capital Management LLC’s holdings in Amazon.com were worth $1,583,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after acquiring an additional 13,134,632 shares in the last quarter. Norges Bank purchased a new stake in Amazon.com during the 4th quarter worth about $17,700,551,000. Northern Trust Corp raised its position in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Amazon.com by 2.5% in the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after buying an additional 1,389,503 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Amazon.com by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after buying an additional 1,525,922 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMZN shares. Raymond James lifted their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 1st. Barclays boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Tigress Financial upped their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, Maxim Group dropped their price objective on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have assigned 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 $215.86.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,548 shares of company stock valued at $12,774,204. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.2 %

Shares of NASDAQ AMZN opened at $197.59 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $185.10 and a 200 day moving average price of $174.15. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $200.43. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the previous year, the company earned $0.31 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Amazon.com Profile

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.