Davidson Kahn Capital Management LLC Acquires 21,857 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Davidson Kahn Capital Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 92.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,565 shares of the e-commerce giant's stock after acquiring an additional 21,857 shares during the period. Amazon.com makes up 6.7% of Davidson Kahn Capital Management LLC's portfolio, making the stock its 3rd biggest position. Davidson Kahn Capital Management LLC's holdings in Amazon.com were worth $8,669,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com in the 4th quarter worth about $800,000. Capital & Planning LLC grew its position in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after buying an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC grew its position in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC grew its position in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Amazon.com in the 4th quarter valued at about $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMZN shares. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Mizuho reduced their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Truist Financial raised their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Scotiabank reduced their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Finally, Morgan Stanley raised their price objective on shares of Amazon.com from $250.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.42.

Amazon.com Price Performance

Shares of AMZN opened at $225.69 on Tuesday. The firm has a market cap of $2.40 trillion, a PE ratio of 36.76, a PEG ratio of 1.69 and a beta of 1.33. The firm's 50 day moving average price is $210.69 and its 200 day moving average price is $208.38. 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 twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. 10.80% of the stock is currently owned by company insiders.

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.

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