Kaye Capital Management Sells 70 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kaye Capital Management lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,341 shares of the e-commerce giant’s stock after selling 70 shares during the quarter. Amazon.com makes up approximately 0.2% of Kaye Capital Management’s investment portfolio, making the stock its 26th largest position. Kaye Capital Management’s holdings in Amazon.com were worth $514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Grant GrossMendelsohn LLC increased its position in shares of Amazon.com by 10.0% during the 4th quarter. Grant GrossMendelsohn LLC now owns 3,977 shares of the e-commerce giant’s stock worth $873,000 after purchasing an additional 361 shares during the last quarter. Walker Asset Management LLC grew its stake in shares of Amazon.com by 2.0% in the fourth quarter. Walker Asset Management LLC now owns 8,502 shares of the e-commerce giant’s stock valued at $1,865,000 after buying an additional 167 shares in the last quarter. Chemistry Wealth Management LLC increased its holdings in Amazon.com by 8.5% during the fourth quarter. Chemistry Wealth Management LLC now owns 50,672 shares of the e-commerce giant’s stock worth $11,117,000 after buying an additional 3,977 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its position in Amazon.com by 6.0% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 32,106 shares of the e-commerce giant’s stock worth $7,044,000 after acquiring an additional 1,809 shares in the last quarter. Finally, CNB Bank lifted its stake in Amazon.com by 1.1% in the fourth quarter. CNB Bank now owns 43,907 shares of the e-commerce giant’s stock valued at $9,633,000 after acquiring an additional 481 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Tigress Financial upped their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Morgan Stanley lifted their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Thursday. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $249.46.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,027,340 shares of company stock worth $1,252,456,773. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.0 %

AMZN stock opened at $234.64 on Friday. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 50.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $222.30 and a 200-day moving average price of $198.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $241.77.

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, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

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.