Kesler Norman & Wride LLC Sells 2,891 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kesler Norman & Wride LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,596 shares of the e-commerce giant's stock after selling 2,891 shares during the period. Kesler Norman & Wride LLC's holdings in Amazon.com were worth $3,279,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Swedbank AB bought a new stake in Amazon.com during the 1st quarter worth about $2,239,757,000. Capital World Investors boosted its stake in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock worth $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its position in shares of Amazon.com by 13,606.7% in the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after acquiring an additional 3,903,889 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,855 shares of company stock valued at $9,215,048. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Down 1.1 %

AMZN stock traded down $2.15 during midday trading on Monday, reaching $195.78. 38,384,910 shares of the company's stock traded hands, compared to its average volume of 41,316,402. Amazon.com, Inc. has a 52 week low of $138.36 and a 52 week high of $201.20. The company has a market cap of $2.05 trillion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 1.42 and a beta of 1.14. The firm's fifty day moving average price is $184.82 and its 200-day moving average price is $183.77. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Friday. Sanford C. Bernstein upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday. JMP Securities upped their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Friday. Evercore ISI upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $246.48.

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.