Kesler Norman & Wride LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Kesler Norman & Wride LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,047 shares of the e-commerce giant's stock after buying an additional 2,451 shares during the period. Kesler Norman & Wride LLC's holdings in Amazon.com were worth $4,398,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rench Wealth Management Inc. boosted its stake in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after buying an additional 3,703 shares during the period. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC grew its holdings in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Finally, Blankinship & Foster LLC increased its holdings in shares of Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after buying an additional 4,740 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock traded down $0.22 during mid-day trading on Friday, reaching $189.98. 77,794,995 shares of the stock traded hands, compared to its average volume of 41,684,289. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business's 50-day moving average is $190.48 and its 200-day moving average is $207.77. 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 stock has a market capitalization of $2.02 trillion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. This represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. JMP Securities reaffirmed a "market outperform" rating and issued a $240.00 target price on shares of Amazon.com in a research note on Thursday. Royal Bank of Canada lowered their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday. Piper Sandler reaffirmed an "overweight" rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a report on Friday. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $243.55.

About Amazon.com

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.