KRS Capital Management LLC Has $575,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

KRS Capital Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,785 shares of the e-commerce giant’s stock after buying an additional 85 shares during the period. KRS Capital Management LLC’s holdings in Amazon.com were worth $575,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMZN. Bridgefront Capital LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $228,000. Krane Funds Advisors LLC grew its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new stake in Amazon.com in the first quarter valued at $258,000. My Personal CFO LLC bought a new position in Amazon.com during the 1st quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com during the 1st quarter worth about $191,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. 12.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Raymond James raised their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Evercore ISI raised their price target on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Robert W. Baird upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $202.80.

Amazon.com Trading Down 2.6 %

NASDAQ:AMZN opened at $174.63 on Friday. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The firm has a 50-day moving average price of $177.28 and a two-hundred day moving average price of $157.06. The firm has a market cap of $1.82 trillion, a price-to-earnings ratio of 60.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

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.