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Kellett Wealth Advisors LLC reduces position in Amazon.com, Inc. (NASDAQ:AMZN)


Kellett Wealth Advisors LLC reduced its holdings in Amazon.com, Inc. stock, according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) up 2.4% in the fourth quarter. The fund owned 5,814 shares of the e-commerce giant after selling 140 shares in the quarter. Amazon.com comprises about 0.7% of Kellett Wealth Advisors LLC’s investment portfolio, making it its 27th-largest holding. At the end of the most recent reporting period, Kellett Wealth Advisors LLC’s stake in Amazon.com was worth $883,000.

Many other large investors have also recently bought and sold AMZN shares. In the third quarter, Vanguard Group Inc. increased its position on Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Northern Trust Corp increased its holdings in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Jennison Associates LLC increased its holdings in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, in the third quarter, Charles Schwab Investment Management Inc. increased its stake in Amazon.com shares by 2.8%. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Insider buying and selling on Amazon.com

In other Amazon.com news, CEO Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other news, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction amount of $2,502,500.00. Following the closing of the transaction, the CEO now directly owns 499,831 shares of the company’s stock valued at $87,470,425. The sale was disclosed in a filing with the SEC, available at this link. Additionally, Keith Brian Alexander, director, sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The announcement of this sale can be found here. Over the last three months, insiders sold a total of 20,187,979 shares of company stock worth $3,440,575,337. 10.80% of the shares are owned by corporate insiders.

Changes in analyst ratings

Many research firms have recently published reports on AMZN. TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Argus raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. BMO Capital Markets increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company raised their target price on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Canaccord Genuity Group increased their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the company with a hold rating, forty-four analysts have issued a buy rating to the company and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $211.62.

Check out our latest stock report on Amazon.com

Amazon.com stock performance

On Friday, NASDAQ AMZN opened at $189.50. The company has a market capitalization of $1.97 trillion, a P/E ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a 50-day moving average of $179.90 and a two-hundred-day moving average of $161.81. Amazon.com, Inc. it has a 1-year low of $108.05 and a 1-year high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, $0.15 above the consensus estimate of $0.83. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com revenues increased 12.5% ​​compared to the same quarter last year. During the same period last year, the company saw an EPS of $0.31. Analysts predict that as a group, Amazon.com, Inc. it will record 4.67 EPS for the current year.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Further reading

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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