Amazon.com, Inc. (AMZN) Stake Lowered by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,477 shares of the e-commerce giant’s stock after selling 44 shares during the quarter. Amazon.com accounts for 0.7% of Koshinski Asset Management Inc.’s portfolio, making the stock its 20th largest position. Koshinski Asset Management Inc.’s holdings in Amazon.com were worth $2,897,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Whitnell & Co. lifted its holdings in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares in the last quarter. Vestor Capital LLC lifted its holdings in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares in the last quarter. Portfolio Solutions LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $119,000. Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com during the 2nd quarter worth approximately $121,000. Finally, Oak Point Wealth Management acquired a new stake in Amazon.com during the 4th quarter worth approximately $125,000. Hedge funds and other institutional investors own 60.19% of the company’s stock.

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Shares of Amazon.com stock opened at $1,495.56 on Friday. Amazon.com, Inc. has a 52 week low of $833.50 and a 52 week high of $1,617.54. The company has a market cap of $724,011.06, a price-to-earnings ratio of 327.97, a PEG ratio of 6.85 and a beta of 1.54. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. During the same quarter last year, the business earned $1.54 EPS. The business’s revenue was up 38.2% on a year-over-year basis. equities research analysts expect that Amazon.com, Inc. will post 8.49 earnings per share for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 500 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total value of $788,925.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $15,778,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $9,553,336.56. The disclosure for this sale can be found here. Insiders sold a total of 6,214 shares of company stock valued at $9,251,120 in the last 90 days. Company insiders own 17.70% of the company’s stock.

A number of brokerages have commented on AMZN. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,655.33 price objective on the stock in a research report on Thursday, March 15th. Wells Fargo reissued an “outperform” rating and issued a $1,755.00 price objective (up from $1,700.00) on shares of Amazon.com in a research report on Thursday, March 15th. Jefferies Group reissued a “buy” rating and issued a $1,850.00 price objective on shares of Amazon.com in a research report on Tuesday, March 13th. Deutsche Bank reissued a “buy” rating on shares of Amazon.com in a research report on Monday, March 12th. Finally, UBS increased their price objective on shares of Amazon.com to $1,760.00 and gave the company a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $1,477.78.

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Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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