Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 29.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,404 shares of the e-commerce giant’s stock after acquiring an additional 2,628 shares during the quarter. Kathmere Capital Management LLC’s holdings in Amazon.com were worth $2,204,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Texas Capital Bank Wealth Management Services Inc increased its stake in Amazon.com by 90.7% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 24,225 shares of the e-commerce giant’s stock valued at $4,681,000 after purchasing an additional 11,523 shares during the last quarter. Texas Capital Bancshares Inc TX increased its stake in Amazon.com by 44.6% in the second quarter. Texas Capital Bancshares Inc TX now owns 2,923 shares of the e-commerce giant’s stock valued at $565,000 after purchasing an additional 902 shares during the last quarter. Cim Investment Management Inc. grew its position in Amazon.com by 0.9% during the second quarter. Cim Investment Management Inc. now owns 27,812 shares of the e-commerce giant’s stock valued at $5,375,000 after acquiring an additional 236 shares during the period. Core Wealth Advisors Inc. grew its position in Amazon.com by 309.3% during the second quarter. Core Wealth Advisors Inc. now owns 11,081 shares of the e-commerce giant’s stock valued at $2,141,000 after acquiring an additional 8,374 shares during the period. Finally, Arkos Global Advisors grew its position in Amazon.com by 20.9% during the second quarter. Arkos Global Advisors now owns 4,896 shares of the e-commerce giant’s stock valued at $946,000 after acquiring an additional 847 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Morgan Stanley reissued an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a research report on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Sanford C. Bernstein upped their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Wolfe Research began coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price for the company. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ AMZN opened at $187.83 on Friday. The company has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The stock’s 50 day simple moving average is $183.50 and its 200 day simple moving average is $183.56. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% 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. Equities research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 over the last three months. Company insiders own 10.80% of the company’s stock.

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.