Krane Funds Advisors LLC Acquires New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Krane Funds Advisors LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,558 shares of the e-commerce giant’s stock, valued at approximately $1,148,000.

A number of other large investors also recently bought and sold shares of AMZN. Members Trust Co lifted its holdings in shares of Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after buying an additional 341 shares during the period. Cherrydale Wealth Management LLC lifted its holdings in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp lifted its holdings in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares during the period. Nicholas Company Inc. boosted its position in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.1 %

AMZN traded down $0.17 during trading on Friday, hitting $183.66. 25,456,410 shares of the company’s stock were exchanged, compared to its average volume of 31,943,300. The stock has a 50 day moving average price of $182.92 and a 200 day moving average price of $170.19. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.91 trillion, a P/E ratio of 51.45, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. As a group, analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Moffett Nathanson restated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Loop Capital lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Morgan Stanley upped their target price on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Citigroup lifted their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $213.82.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,838 shares of company stock worth $11,984,344. 10.80% of the stock is currently owned by company insiders.

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.