Kooman & Associates Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Apr 13th, 2023

Kooman & Associates acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,299 shares of the e-commerce giant’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC grew its position in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $191,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the sale, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s 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 of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,193 shares of company stock valued at $7,685,143. 12.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Amazon.com in a research note on Wednesday, April 5th. UBS Group upped their price objective on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, March 16th. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Amazon.com in a research note on Thursday, March 16th. Finally, StockNews.com assumed coverage on shares of Amazon.com in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.64.

Amazon.com Stock Performance

Shares of AMZN opened at $97.83 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The company has a market capitalization of $1.00 trillion, a PE ratio of -365.02, a PEG ratio of 4.22 and a beta of 1.26. The company’s 50 day moving average price is $98.33 and its 200 day moving average price is $98.32. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $158.65.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. During the same quarter last year, the firm earned $1.39 earnings per share. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 1.33 EPS for the current fiscal year.

About Amazon.com

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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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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