Kintegral Advisory LLC Sells 25,192 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Kintegral Advisory LLC reduced its stake in Amazon.com, Inc. by 32.9%, now holding 51,362 shares valued at nearly $9.8 million, making it the firm's 7th biggest holding.
• Several analysts have upgraded their price targets for Amazon, with a consensus rating of "Moderate Buy" and an average price target of $255.52.
• Insider Jeffrey P. Bezos sold over 2.6 million shares valued at approximately $609 million, resulting in a 0.30% decrease in his ownership position.

Kintegral Advisory LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,362 shares of the e-commerce giant's stock after selling 25,192 shares during the quarter. Amazon.com accounts for about 1.5% of Kintegral Advisory LLC's holdings, making the stock its 7th biggest position. Kintegral Advisory LLC's holdings in Amazon.com were worth $9,772,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at $514,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC acquired a new position in Amazon.com in the 4th quarter valued at $12,014,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Cowen reiterated a "buy" rating on shares of Amazon.com in a report on Friday. Truist Financial boosted their price target on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Raymond James Financial reiterated an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Jefferies Financial Group boosted their price target on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Finally, Oppenheimer lowered their price objective on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $260.85.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Down 8.3%

Shares of Amazon.com stock traded down $19.36 during trading on Friday, reaching $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. The firm's fifty day moving average is $217.93 and its 200-day moving average is $209.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company 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.