Somerville Kurt F lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,762 shares of the e-commerce giant’s stock after acquiring an additional 8,788 shares during the period. Amazon.com makes up 1.8% of Somerville Kurt F’s portfolio, making the stock its 23rd biggest position. Somerville Kurt F’s holdings in Amazon.com were worth $9,995,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Bridgefront Capital LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC boosted its stake 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 period. Range Financial Group LLC acquired a new stake in Amazon.com during the 1st quarter valued at $258,000. My Personal CFO LLC purchased a new stake in Amazon.com during the 1st quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com in the 1st quarter worth $191,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Analyst Ratings Changes
AMZN has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Amazon.com from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Stifel Nicolaus upped their target price on Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Wedbush began coverage on Amazon.com in a research note on Tuesday, August 22nd. They set an “outperform” rating and a $180.00 target price for the company. Canaccord Genuity Group lifted their price target on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Citigroup increased their price objective on shares of Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.87.
Amazon.com Stock Performance
Amazon.com stock opened at $135.36 on Thursday. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 106.58, a P/E/G ratio of 1.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The stock has a fifty day moving average price of $133.41 and a two-hundred day moving average price of $116.96. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $143.63.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating the consensus estimate of $0.34 by $0.29. The company had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $141.00, for a total value of $7,050,000.00. Following the sale, the chief executive officer now owns 510,301 shares in the company, valued at approximately $71,952,441. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $139.48, for a total value of $557,920.00. Following the completion of the sale, the chief executive officer now directly owns 526,316 shares in the company, valued at approximately $73,410,555.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 50,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the completion of the sale, the chief executive officer now owns 510,301 shares of the company’s stock, valued at $71,952,441. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,365,829 shares of company stock valued at $49,002,857. Company insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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