Kera Capital Partners Inc. Sells 11,922 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kera Capital Partners Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,698 shares of the e-commerce giant's stock after selling 11,922 shares during the quarter. Amazon.com makes up 1.8% of Kera Capital Partners Inc.'s investment portfolio, making the stock its 12th largest position. Kera Capital Partners Inc.'s holdings in Amazon.com were worth $6,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $27,000. Accordant Advisory Group Inc boosted its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMZN shares. JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Jefferies Financial Group lowered their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Evercore ISI decreased their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, BNP Paribas raised shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $0.63 during midday trading on Tuesday, reaching $217.61. 31,226,326 shares of the company traded hands, compared to its average volume of 45,016,777. The stock has a 50-day moving average price of $192.26 and a 200 day moving average price of $208.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 39.35, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company's stock.

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.