Nkcfo LLC Trims Stake in Amazon.com, Inc. $AMZN

Key Points

• Nkcfo LLC has decreased its stake in Amazon.com, Inc. by 30.5%, now holding 90,945 shares valued at approximately $17.3 million.
• Institutional investors own 72.20% of Amazon's stock, with several funds significantly increasing their holdings in the first quarter of 2023.
• Amazon's stock has received multiple rating upgrades from analysts, with a current consensus rating of "Buy" and an average price target of $262.87.

Nkcfo LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,945 shares of the e-commerce giant's stock after selling 39,965 shares during the quarter. Amazon.com comprises approximately 8.0% of Nkcfo LLC's holdings, making the stock its 3rd biggest position. Nkcfo LLC's holdings in Amazon.com were worth $17,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Talisman Wealth Advisors LLC raised its stake in Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after purchasing an additional 53 shares in the last quarter. SWAN Capital LLC raised its stake in Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after purchasing an additional 55 shares in the last quarter. Hamel Associates Inc. grew its position in Amazon.com by 1.4% in the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant's stock valued at $780,000 after acquiring an additional 55 shares during the last quarter. Lokken Investment Group LLC grew its position in Amazon.com by 1.5% in the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant's stock valued at $848,000 after acquiring an additional 56 shares during the last quarter. Finally, CWC Advisors LLC. grew its position in Amazon.com by 3.1% in the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock valued at $411,000 after acquiring an additional 56 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,097,911 shares of company stock valued at $5,675,986,299. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. Roth Capital set a $250.00 target price on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. JMP Securities reiterated a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Finally, Oppenheimer decreased their target price on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Trading Down 1.1%

Shares of NASDAQ:AMZN traded down $2.60 during midday trading on Friday, hitting $229.00. 26,167,914 shares of the stock were exchanged, compared to its average volume of 37,773,448. The stock has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business's 50-day moving average price is $224.25 and its 200 day moving average price is $207.79. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.