Amazon.com, Inc. (NASDAQ:AMZN) is Kercheville Advisors LLC’s Largest Position

Kercheville Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,985 shares of the e-commerce giant’s stock after selling 3,201 shares during the quarter. Amazon.com comprises 7.1% of Kercheville Advisors LLC’s investment portfolio, making the stock its biggest holding. Kercheville Advisors LLC’s holdings in Amazon.com were worth $17,501,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in Amazon.com by 7.8% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 61,046 shares of the e-commerce giant’s stock worth $11,615,000 after buying an additional 4,420 shares in the last quarter. Vista Investment Partners LLC lifted its position in shares of Amazon.com by 6.5% during the 1st quarter. Vista Investment Partners LLC now owns 5,807 shares of the e-commerce giant’s stock valued at $1,105,000 after acquiring an additional 355 shares during the period. Vicus Capital lifted its position in shares of Amazon.com by 20.6% during the 1st quarter. Vicus Capital now owns 34,068 shares of the e-commerce giant’s stock valued at $6,482,000 after acquiring an additional 5,819 shares during the period. AA Financial Advisors LLC boosted its stake in shares of Amazon.com by 12.7% during the 1st quarter. AA Financial Advisors LLC now owns 15,092 shares of the e-commerce giant’s stock worth $2,871,000 after acquiring an additional 1,699 shares in the last quarter. Finally, Inscription Capital LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $8,879,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $223.13 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a P/E/G ratio of 1.66 and a beta of 1.33. The business’s 50-day simple moving average is $205.76 and its 200-day simple moving average is $208.76.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Piper Sandler reaffirmed an “overweight” rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Benchmark restated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Royal Bank Of Canada decreased their price objective on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Mizuho dropped their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Raymond James Financial restated an “outperform” rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $245.60.

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.