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

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

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group upped their target price on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Argus boosted 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 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $215.86.

Amazon.com Stock Up 1.2 %

AMZN opened at $200.00 on Friday. The company has a fifty day moving average of $185.99 and a two-hundred 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 fifty-two week low of $118.35 and a fifty-two week high of $200.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during 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’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. On average, research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 2nd. The stock was sold at an average price of $200.08, for a total 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 & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,532,985 shares of company stock valued at $305,578,679. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.