Kathleen S. Wright Associates Inc. Strengthens Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kathleen S. Wright Associates Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor holds 13,605 shares of the e-commerce giant after purchasing an additional 260 shares during the quarter. Amazon.com makes up 1.1% of Kathleen S. Wright Associates Inc.’s portfolio, making the stock her 23rd largest position. Kathleen S. Wright Associates Inc.’s stake in Amazon.com was worth $2,477,000, according to its latest 13F filing with the Securities and Exchange Commission (SEC).

Several other major investors have also recently added to or reduced their holdings in AMZN. Longbow Finance SA increased its holdings in Amazon.com shares by 125.3% in the third quarter. Longbow Finance SA now owns 262,958 shares of the e-commerce giant’s stock worth $33,427,000 after acquiring an additional 146,268 shares in the last quarter. Manchester Global Management UK Ltd increased its holdings in Amazon.com shares by 116.8% in the third quarter. Manchester Global Management UK Ltd now owns 147,928 shares of the e-commerce giant’s stock worth $18,805,000 after acquiring an additional 79,700 shares in the last quarter. Mystic Asset Management Inc. increased its holdings in Amazon.com shares by 8.0% in the third quarter. Mystic Asset Management Inc. now owns 16,068 shares of the e-commerce giant’s stock worth $2,043,000 after purchasing an additional 1,190 shares during the period. Rice Partnership LLC increased its holdings in shares of Amazon.com by 32.2% in the third quarter. Rice Partnership LLC now owns 68,458 shares of the e-commerce giant’s stock worth $8,702,000 after purchasing an additional 16,665 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. increased its holdings in Amazon.com by 11.6% in the third quarter. Retirement Planning Co of New England Inc. now owns 28,021 shares of the e-commerce giant’s stock worth $3,562,000 after purchasing an additional 2,920 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Changes in analyst ratings

Multiple analysts have commented on the company. UBS Group raised their price target on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. JMP Securities reaffirmed a “market outperform” rating and set a price target on shares of Amazon.com at $225.00 in a research report on Wednesday, May 1. Goldman Sachs Group raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a price target on shares of Amazon.com in a report on Wednesday, May 1. Finally, Argus raised their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2. One equities research analyst rated the stock a “hold,” forty-three gave the stock a “buy” rating, and one gave the stock a “strong-buy” rating. The company currently has an average rating of “buy” and a consensus price target of $215.86, according to data from MarketBeat.

Read our latest report on Amazon.com

Amazon.com shares up 1.2%

AMZN opened at $200.00 on Friday. The company has a 50-day moving average of $185.99 and a 200-day moving average of $174.63. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a PEG ratio of 1.41 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com revenue for the quarter was up 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company earned $0.31 per share. Research analysts, on average, expect Amazon.com, Inc. to report earnings of $4.72 per share for the current year.

Internal Activity at Amazon.com

In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. The shares were sold for an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the transaction, the Vice President now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink . In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 2. The shares were sold for an average price of $200.08, for a total transaction value of $292,804,474.96. Following the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink . Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the transaction, the Vice President now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. Disclosure regarding this sale can be found here . During the last quarter, insiders sold 1,532,985 shares of the company’s stock, valued at $305,578,679. 10.80% of the shares are owned by company insiders.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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