Kuhn & Co Investment Counsel Has $2.48 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kuhn & Co Investment Counsel increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,813 shares of the e-commerce giant’s stock after acquiring an additional 120 shares during the period. Amazon.com comprises approximately 2.2% of Kuhn & Co Investment Counsel’s portfolio, making the stock its 9th biggest holding. Kuhn & Co Investment Counsel’s holdings in Amazon.com were worth $2,476,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMZN. Westover Capital Advisors LLC lifted its stake in Amazon.com by 10.0% in the second quarter. Westover Capital Advisors LLC now owns 59,862 shares of the e-commerce giant’s stock valued at $11,568,000 after purchasing an additional 5,419 shares during the last quarter. 1ST Source Bank lifted its stake in Amazon.com by 0.5% in the second quarter. 1ST Source Bank now owns 89,145 shares of the e-commerce giant’s stock valued at $17,227,000 after purchasing an additional 477 shares during the last quarter. SYM FINANCIAL Corp lifted its stake in Amazon.com by 122.5% in the second quarter. SYM FINANCIAL Corp now owns 11,223 shares of the e-commerce giant’s stock valued at $2,169,000 after purchasing an additional 6,178 shares during the last quarter. Client 1ST Advisory Group LLC lifted its stake in Amazon.com by 1.6% in the second quarter. Client 1ST Advisory Group LLC now owns 7,584 shares of the e-commerce giant’s stock valued at $1,466,000 after purchasing an additional 122 shares during the last quarter. Finally, Hardin Capital Partners LLC purchased a new position in Amazon.com in the second quarter valued at approximately $461,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $188.82 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $179.58 and a 200-day moving average of $183.19. The firm has a market cap of $1.98 trillion, a P/E ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stifel Nicolaus dropped their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Bank of America dropped their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Morgan Stanley restated an “overweight” rating and set a $210.00 target price on shares of Amazon.com in a research report on Thursday, October 3rd. Sanford C. Bernstein increased their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group dropped their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $224.00.

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.