KFA Private Wealth Group LLC Has $1.83 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

KFA Private Wealth Group LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,357 shares of the e-commerce giant’s stock after buying an additional 857 shares during the period. Amazon.com comprises 0.8% of KFA Private Wealth Group LLC’s holdings, making the stock its 27th largest position. KFA Private Wealth Group LLC’s holdings in Amazon.com were worth $1,833,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMZN. Revolve Wealth Partners LLC boosted its stake in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares during the period. W Advisors LLC boosted its position in Amazon.com by 1.5% during the 4th quarter. W Advisors LLC now owns 7,608 shares of the e-commerce giant’s stock worth $1,669,000 after acquiring an additional 116 shares during the last quarter. Charter Oak Capital Management LLC grew its stake in shares of Amazon.com by 11.5% during the 4th quarter. Charter Oak Capital Management LLC now owns 7,093 shares of the e-commerce giant’s stock worth $1,556,000 after acquiring an additional 732 shares in the last quarter. YHB Investment Advisors Inc. lifted its position in shares of Amazon.com by 0.3% in the fourth quarter. YHB Investment Advisors Inc. now owns 220,937 shares of the e-commerce giant’s stock worth $48,471,000 after purchasing an additional 760 shares in the last quarter. Finally, Sound Stewardship LLC acquired a new position in Amazon.com during the fourth quarter worth $228,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,611 shares of company stock worth $11,122,402. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $228.68 on Tuesday. The firm has a 50 day moving average of $228.21 and a 200-day moving average of $202.55. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Tigress Financial boosted 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. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Royal Bank of Canada upped their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Mizuho raised their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.74.

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.