KC Investment Advisors LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

KC Investment Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 635 shares of the e-commerce giant’s stock after purchasing an additional 52 shares during the quarter. Amazon.com comprises about 1.8% of KC Investment Advisors LLC’s holdings, making the stock its 7th biggest position. KC Investment Advisors LLC’s holdings in Amazon.com were worth $2,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Prentice Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $1,151,000. Polen Capital Management LLC bought a new stake in Amazon.com during the 1st quarter valued at approximately $1,997,340,000. Cohen Investment Advisors LLC raised its stake in Amazon.com by 34,666.4% during the 1st quarter. Cohen Investment Advisors LLC now owns 639,007 shares of the e-commerce giant’s stock valued at $5,033,000 after purchasing an additional 637,169 shares during the period. Generation Investment Management LLP bought a new stake in Amazon.com during the 1st quarter valued at approximately $934,954,000. Finally, Lone Pine Capital LLC raised its stake in Amazon.com by 87.4% during the 1st quarter. Lone Pine Capital LLC now owns 481,744 shares of the e-commerce giant’s stock valued at $1,490,554,000 after purchasing an additional 224,618 shares during the period. 57.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMZN traded down $51.55 during trading hours on Monday, hitting $3,373.97. The company had a trading volume of 148,309 shares, compared to its average volume of 3,459,524. The company has a market capitalization of $1.71 trillion, a PE ratio of 58.97, a price-to-earnings-growth ratio of 2.41 and a beta of 1.14. The company has a current ratio of 1.20, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a one year low of $2,881.00 and a one year high of $3,773.08. The company’s fifty day moving average price is $3,418.24 and its two-hundred day moving average price is $3,355.92.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $12.22 by $2.90. The firm had revenue of $113.08 billion during the quarter, compared to analyst estimates of $115.08 billion. Amazon.com had a return on equity of 29.86% and a net margin of 6.64%. Analysts forecast that Amazon.com, Inc. will post 52.18 earnings per share for the current year.

Several equities analysts have weighed in on the company. Morgan Stanley cut their price target on Amazon.com from $4,300.00 to $4,100.00 and set an “overweight” rating for the company in a report on Monday. Truist Securities cut their price target on Amazon.com from $4,000.00 to $3,800.00 and set a “buy” rating for the company in a report on Friday, July 30th. The Goldman Sachs Group assumed coverage on Amazon.com in a report on Monday, September 13th. They set a “buy” rating and a $4,250.00 price target for the company. KeyCorp restated a “buy” rating and set a $4,000.00 price target on shares of Amazon.com in a report on Tuesday, September 7th. Finally, Truist cut their price target on Amazon.com from $4,000.00 to $3,800.00 and set a “buy” rating for the company in a report on Friday, July 30th. One research analyst has rated the stock with a hold rating and forty have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $4,146.65.

In related news, CEO Andrew R. Jassy sold 492 shares of the business’s stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $3,211.90, for a total transaction of $1,580,254.80. Following the transaction, the chief executive officer now directly owns 87,327 shares in the company, valued at approximately $280,485,591.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 1,356 shares of the business’s stock in a transaction on Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total value of $4,451,748.00. Following the transaction, the chief executive officer now owns 3,082 shares in the company, valued at $10,118,206. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,463 shares of company stock worth $14,784,642. 14.00% of the stock is owned by company insiders.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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