Amazon.com, Inc. $AMZN Stock Holdings Lessened by Kestra Investment Management LLC

Kestra Investment Management LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 50,421 shares of the e-commerce giant’s stock after selling 11,119 shares during the quarter. Kestra Investment Management LLC’s holdings in Amazon.com were worth $11,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AMZN. Vanguard Group Inc. grew its stake in Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. State Street Corp boosted its holdings in shares of Amazon.com by 1.4% during the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after acquiring an additional 5,163,208 shares during the period. Geode Capital Management LLC grew its position in shares of Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after acquiring an additional 3,721,658 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Finally, Norges Bank acquired a new stake in shares of Amazon.com in the 2nd quarter worth about $27,438,011,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the sale, the chief executive officer directly owned 505,934 shares of the company’s stock, valued at $117,993,927.48. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 82,234 shares of company stock worth $19,076,767. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Canaccord Genuity Group set a $300.00 target price on Amazon.com and gave the company a “buy” rating in a report on Friday, October 31st. Loop Capital boosted their target price on Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Wolfe Research increased their price target on shares of Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Finally, KeyCorp restated an “overweight” rating on shares of Amazon.com in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Stock Down 1.8%

AMZN stock opened at $226.19 on Friday. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. The company has a 50-day moving average of $229.35 and a two-hundred day moving average of $224.87. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.