Kercheville Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,385 shares of the e-commerce giant’s stock after purchasing an additional 2,063 shares during the quarter. Amazon.com makes up about 7.2% of Kercheville Advisors LLC’s holdings, making the stock its 2nd largest position. Kercheville Advisors LLC’s holdings in Amazon.com were worth $11,913,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of AMZN. Kavar Capital Partners Group LLC lifted its holdings in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd lifted its holdings in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. lifted its holdings in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp lifted its holdings in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC lifted its holdings in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the period. Institutional investors own 57.96% of the company’s stock.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $129.48, for a total transaction of $64,740.00. Following the transaction, the chief executive officer now owns 149,780 shares in the company, valued at approximately $19,393,514.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $127.20, for a total transaction of $508,800.00. Following the transaction, the chief executive officer now owns 522,316 shares in the company, valued at approximately $66,438,595.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $129.48, for a total value of $64,740.00. Following the transaction, the chief executive officer now owns 149,780 shares in the company, valued at approximately $19,393,514.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,645 shares of company stock worth $55,207,763 in the last 90 days. Company insiders own 12.70% of the company’s stock.
Amazon.com Trading Up 1.8 %
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current year.
Analysts Set New Price Targets
A number of analysts recently commented on AMZN shares. Stifel Nicolaus lifted their price target on Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Roth Mkm lifted their price target on Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 4th. TD Cowen raised their target price on Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $165.00 target price on shares of Amazon.com in a research report on Tuesday. Finally, Benchmark raised their target price on Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.30.
View Our Latest Research Report on AMZN
Amazon.com 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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