Keystone Wealth Services LLC Has $3.09 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Keystone Wealth Services LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,987 shares of the e-commerce giant’s stock after selling 394 shares during the quarter. Amazon.com makes up 1.0% of Keystone Wealth Services LLC’s portfolio, making the stock its 23rd largest holding. Keystone Wealth Services LLC’s holdings in Amazon.com were worth $3,089,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 4th quarter valued at $30,000. Strid Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $43,000. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth $46,000. Steph & Co. bought a new position in Amazon.com in the first quarter valued at about $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the first quarter worth about $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.5 %

Shares of AMZN stock opened at $177.04 on Monday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The stock has a market cap of $1.84 trillion, a price-to-earnings ratio of 49.59, a PEG ratio of 1.32 and a beta of 1.15. The firm’s 50-day moving average is $183.78 and its 200-day moving average is $181.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Sell-side analysts predict that Amazon.com, Inc. will post 4.73 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders sold 6,107,817 shares of company stock valued at $1,221,241,837 in the last quarter. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on AMZN shares. Maxim Group upped their target price on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Morgan Stanley reduced their price target on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Raymond James upped their price objective on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $221.69.

Amazon.com Company 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.