1,000 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Kings Path Partners LLC

Kings Path Partners LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the e-commerce giant’s stock, valued at approximately $193,000.

Several other hedge funds have also recently bought and sold shares of the stock. TFB Advisors LLC raised its holdings in Amazon.com by 9.8% during the 2nd quarter. TFB Advisors LLC now owns 24,494 shares of the e-commerce giant’s stock worth $4,733,000 after buying an additional 2,179 shares during the period. Moloney Securities Asset Management LLC raised its holdings in Amazon.com by 18.2% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 66,452 shares of the e-commerce giant’s stock worth $12,842,000 after buying an additional 10,236 shares during the period. Adero Partners LLC raised its holdings in Amazon.com by 0.3% during the 2nd quarter. Adero Partners LLC now owns 21,107 shares of the e-commerce giant’s stock worth $4,079,000 after buying an additional 65 shares during the period. WMG Financial Advisors LLC raised its holdings in Amazon.com by 22.5% during the 2nd quarter. WMG Financial Advisors LLC now owns 7,228 shares of the e-commerce giant’s stock worth $1,397,000 after buying an additional 1,326 shares during the period. Finally, Hobart Private Capital LLC acquired a new stake in Amazon.com during the 2nd quarter worth approximately $208,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of 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. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMZN. UBS Group lifted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, September 12th. Robert W. Baird lifted their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, TD Cowen lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $222.84.

Amazon.com Trading Up 0.0 %

AMZN opened at $193.96 on Wednesday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a 50-day simple moving average of $178.59 and a 200 day simple moving average of $182.35. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 54.33, a P/E/G ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Amazon.com 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.