Kensington Investment Counsel LLC Buys 403 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kensington Investment Counsel LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,847 shares of the e-commerce giant’s stock after buying an additional 403 shares during the period. Kensington Investment Counsel LLC’s holdings in Amazon.com were worth $2,207,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Delos Wealth Advisors LLC lifted its stake in shares of Amazon.com by 2.7% in the third quarter. Delos Wealth Advisors LLC now owns 10,703 shares of the e-commerce giant’s stock valued at $1,994,000 after buying an additional 277 shares during the period. MCIA Inc lifted its stake in shares of Amazon.com by 7.5% in the third quarter. MCIA Inc now owns 6,774 shares of the e-commerce giant’s stock valued at $1,262,000 after buying an additional 470 shares during the period. World Investment Advisors LLC raised its position in Amazon.com by 706.0% in the third quarter. World Investment Advisors LLC now owns 789,755 shares of the e-commerce giant’s stock worth $147,155,000 after purchasing an additional 691,770 shares in the last quarter. Zacks Investment Management acquired a new position in Amazon.com in the third quarter worth about $191,911,000. Finally, Zega Financial LLC raised its position in Amazon.com by 23.0% in the third quarter. Zega Financial LLC now owns 63,650 shares of the e-commerce giant’s stock worth $11,860,000 after purchasing an additional 11,892 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Sanford C. Bernstein increased their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Telsey Advisory Group increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Tigress Financial increased their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $245.33.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.2 %

Shares of NASDAQ AMZN opened at $218.46 on Tuesday. The company’s fifty day moving average is $216.66 and its 200-day moving average is $195.57. The stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.78, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $149.91 and a twelve month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.