Kera Capital Partners Inc. Has $9.35 Million Holdings in Amazon.com, Inc. $AMZN

Kera Capital Partners Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the third quarter, HoldingsChannel.com reports. The firm owned 42,569 shares of the e-commerce giant’s stock after acquiring an additional 3,596 shares during the quarter. Amazon.com makes up about 1.4% of Kera Capital Partners Inc.’s holdings, making the stock its 14th biggest holding. Kera Capital Partners Inc.’s holdings in Amazon.com were worth $9,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Touchstone Capital Inc. acquired a new stake in shares of Amazon.com during the 3rd quarter worth $6,526,000. Retirement Planning Group LLC raised its stake in Amazon.com by 88.2% in the third quarter. Retirement Planning Group LLC now owns 50,326 shares of the e-commerce giant’s stock valued at $11,050,000 after purchasing an additional 23,585 shares in the last quarter. David J Yvars Group lifted its position in Amazon.com by 8.4% during the third quarter. David J Yvars Group now owns 8,851 shares of the e-commerce giant’s stock worth $1,944,000 after purchasing an additional 688 shares during the period. One Day In July LLC grew its stake in Amazon.com by 14.1% during the third quarter. One Day In July LLC now owns 14,508 shares of the e-commerce giant’s stock worth $3,186,000 after buying an additional 1,793 shares in the last quarter. Finally, Sage Private Wealth Group LLC increased its holdings in Amazon.com by 4.2% in the 3rd quarter. Sage Private Wealth Group LLC now owns 5,978 shares of the e-commerce giant’s stock valued at $1,313,000 after buying an additional 239 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMZN. Stifel Nicolaus set a $300.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a report on Tuesday. Raymond James Financial cut their target price on Amazon.com from $275.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. The Goldman Sachs Group raised their target price on Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $305.00 price target on shares of Amazon.com in a research note on Thursday, December 4th. Finally, UBS Group set a $300.00 price objective on Amazon.com in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.91.

Get Our Latest Research Report on AMZN

Amazon.com Stock Down 1.0%

Shares of NASDAQ:AMZN opened at $239.30 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year 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. The business’s 50-day moving average is $233.50 and its 200-day moving average is $229.64. The company has a market capitalization of $2.56 trillion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 1.51 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results 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 return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Insider Transactions at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the transaction, the director owned 7,170 shares of the company’s stock, valued at $1,670,610. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 49,561 shares of company stock valued at $10,989,862. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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