Kazazian Asset Management LLC Sells 9,987 Shares of Amazon.com, Inc. $AMZN

Kazazian Asset Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,608 shares of the e-commerce giant’s stock after selling 9,987 shares during the period. Amazon.com makes up approximately 8.9% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Kazazian Asset Management LLC’s holdings in Amazon.com were worth $6,496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Kingstone Capital Partners Texas LLC raised 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 valued at $29,100,194,000 after buying an additional 132,616,953 shares during the period. Nuveen LLC acquired a new position in Amazon.com in the 1st quarter valued at about $11,674,091,000. Goldman Sachs Group Inc. increased its stake in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. Finally, Amundi grew its holdings in shares of Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after purchasing an additional 7,267,277 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMZN shares. CICC Research increased their target price on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Rothschild Redb cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Citizens Jmp reissued a “market outperform” rating and set a $300.00 target price on shares of Amazon.com in a research note on Wednesday. Susquehanna set a $300.00 price target on Amazon.com and gave the stock a “positive” rating in a report on Friday, October 31st. Finally, Mizuho cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.93.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the sale, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 82,234 shares of company stock valued at $19,076,767. 9.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $229.53 on Friday. The company has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $228.58 and a 200 day moving average price of $223.95.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 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.