Kornitzer Capital Management Inc. KS Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Kornitzer Capital Management Inc. KS raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,672 shares of the e-commerce giant’s stock after purchasing an additional 4,625 shares during the quarter. Amazon.com accounts for approximately 1.1% of Kornitzer Capital Management Inc. KS’s investment portfolio, making the stock its 16th largest holding. Kornitzer Capital Management Inc. KS’s holdings in Amazon.com were worth $56,750,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AMZN. Venturi Wealth Management LLC raised its position in shares of Amazon.com by 9.6% in the 4th quarter. Venturi Wealth Management LLC now owns 69,199 shares of the e-commerce giant’s stock worth $15,182,000 after acquiring an additional 6,052 shares in the last quarter. D.A. Davidson & CO. grew its stake in Amazon.com by 2.4% during the 4th quarter. D.A. Davidson & CO. now owns 667,557 shares of the e-commerce giant’s stock worth $146,455,000 after buying an additional 15,914 shares during the last quarter. Citizens & Northern Corp increased its position in Amazon.com by 10.3% during the 4th quarter. Citizens & Northern Corp now owns 39,690 shares of the e-commerce giant’s stock valued at $8,708,000 after buying an additional 3,691 shares in the last quarter. Empower Advisory Group LLC raised its stake in Amazon.com by 2.0% in the fourth quarter. Empower Advisory Group LLC now owns 1,566,136 shares of the e-commerce giant’s stock valued at $343,595,000 after buying an additional 30,241 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Amazon.com by 1.8% in the fourth quarter. Truist Financial Corp now owns 4,190,147 shares of the e-commerce giant’s stock valued at $919,276,000 after buying an additional 75,872 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $195.74 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The stock’s fifty day moving average is $221.02 and its two-hundred day moving average is $207.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Scotiabank upped their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group raised their price target on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Mizuho boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Tigress Financial upped their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 in the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.