PKO Investment Management Joint Stock Co Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

PKO Investment Management Joint Stock Co grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 209.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,000 shares of the e-commerce giant’s stock after buying an additional 88,000 shares during the quarter. Amazon.com accounts for 2.8% of PKO Investment Management Joint Stock Co’s investment portfolio, making the stock its 7th biggest position. PKO Investment Management Joint Stock Co’s holdings in Amazon.com were worth $24,734,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AMZN. Cable Hill Partners LLC lifted its stake in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Northern Capital Management Inc. raised its holdings in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management raised its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after purchasing an additional 47 shares in the last quarter. Balanced Wealth Group LLC lifted its position in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after buying an additional 48 shares during the period. Finally, ETF Store Inc. boosted its holdings in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after buying an additional 48 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,426,963 shares of company stock worth $757,297,707. Company insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.13 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The firm’s 50 day moving average price is $206.44 and its 200-day moving average price is $208.70. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Truist Financial raised their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer lifted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, DA Davidson lowered their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $245.60.

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.