Amazon.com, Inc. (NASDAQ:AMZN) is Nkcfo LLC’s Largest Position

Nkcfo LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,710 shares of the e-commerce giant’s stock after selling 1,100 shares during the quarter. Amazon.com comprises approximately 13.5% of Nkcfo LLC’s holdings, making the stock its largest position. Nkcfo LLC’s holdings in Amazon.com were worth $24,680,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMZN. Transatlantique Private Wealth LLC increased its position in Amazon.com by 33.9% in the second quarter. Transatlantique Private Wealth LLC now owns 19,601 shares of the e-commerce giant’s stock worth $3,784,000 after purchasing an additional 4,961 shares during the last quarter. TPG Advisors LLC purchased a new stake in shares of Amazon.com in the second quarter valued at $1,670,000. Center Lake Capital Management LLC boosted its position in shares of Amazon.com by 25.0% during the second quarter. Center Lake Capital Management LLC now owns 50,000 shares of the e-commerce giant’s stock valued at $9,662,000 after buying an additional 10,000 shares during the period. Kiely Wealth Advisory Group Inc. grew its position in Amazon.com by 1.5% in the 2nd quarter. Kiely Wealth Advisory Group Inc. now owns 5,500 shares of the e-commerce giant’s stock valued at $1,063,000 after acquiring an additional 80 shares during the last quarter. Finally, Thames Capital Management LLC increased its stake in Amazon.com by 8.9% in the second quarter. Thames Capital Management LLC now owns 78,396 shares of the e-commerce giant’s stock worth $15,150,000 after purchasing an additional 6,439 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $188.99 on Monday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a market capitalization of $1.97 trillion, a P/E ratio of 52.94, a P/E/G ratio of 1.38 and a beta of 1.14. The business’s 50-day moving average is $181.98 and its two-hundred day moving average is $183.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share 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 during the quarter, compared to analyst estimates of $148.63 billion. Research analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a report on Friday, August 2nd. Stifel Nicolaus dropped their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Bank of America lowered their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on 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 owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 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.