Keb Asset Management LLC Acquires 226 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Keb Asset Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,755 shares of the e-commerce giant’s stock after acquiring an additional 226 shares during the period. Keb Asset Management LLC’s holdings in Amazon.com were worth $532,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new position in Amazon.com during the 4th quarter valued at about $30,000. Clarity Asset Management Inc. bought a new position in Amazon.com during the 4th quarter valued at about $46,000. Steph & Co. bought a new position in Amazon.com during the 1st quarter valued at about $65,000. Advantage Trust Co bought a new position in Amazon.com during the 4th quarter valued at about $68,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com during the 1st quarter valued at about $69,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $184.89 on Tuesday. The business’s 50-day moving average price is $179.22 and its two-hundred day moving average price is $181.74. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.79, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $148.63 billion. Equities analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group cut their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Tigress Financial lifted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Wolfe Research began coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $222.49.

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.