Kowal Investment Group LLC Purchases 1,136 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kowal Investment Group LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,409 shares of the e-commerce giant’s stock after purchasing an additional 1,136 shares during the quarter. Amazon.com makes up 0.7% of Kowal Investment Group LLC’s portfolio, making the stock its 19th largest holding. Kowal Investment Group LLC’s holdings in Amazon.com were worth $3,558,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Steph & Co. acquired a new stake in shares of Amazon.com in the 1st quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the 1st quarter worth about $69,000. Finally, Innealta Capital LLC bought a new position in Amazon.com during the 2nd quarter valued at about $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the 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 transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Evercore ISI reissued an “outperform” rating and issued a $240.00 price objective on shares of Amazon.com in a research note on Friday, October 11th. Stifel Nicolaus lowered their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Maxim Group increased their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Trading Up 0.0 %

AMZN opened at $189.07 on Tuesday. The stock has a market capitalization of $1.97 trillion, a P/E ratio of 52.96, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The firm’s fifty day simple moving average is $182.43 and its 200 day simple moving average is $183.50.

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. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.85 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.