Kennedy Investment Group Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kennedy Investment Group trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 64,261 shares of the e-commerce giant’s stock after selling 146 shares during the quarter. Amazon.com comprises about 6.4% of Kennedy Investment Group’s holdings, making the stock its 3rd biggest holding. Kennedy Investment Group’s holdings in Amazon.com were worth $14,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fiera Capital Corp boosted its position in shares of Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares during the last quarter. Beck Bode LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $651,000. Asset Management Group Inc. grew its stake in shares of Amazon.com by 1.9% in the second quarter. Asset Management Group Inc. now owns 40,648 shares of the e-commerce giant’s stock worth $7,855,000 after acquiring an additional 764 shares during the period. Arista Wealth Management LLC raised its holdings in shares of Amazon.com by 83.4% during the second quarter. Arista Wealth Management LLC now owns 16,418 shares of the e-commerce giant’s stock valued at $3,173,000 after purchasing an additional 7,466 shares during the last quarter. Finally, Tcwp LLC lifted its position in Amazon.com by 2.4% during the second quarter. Tcwp LLC now owns 5,733 shares of the e-commerce giant’s stock valued at $1,108,000 after purchasing an additional 132 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Barclays lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Raymond James upped their price objective on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Stifel Nicolaus raised their target price on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Bank of America upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,611 shares of company stock worth $11,122,402 in the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $226.45 on Wednesday. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock’s 50 day simple moving average is $228.26 and its two-hundred day simple moving average is $202.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

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

Amazon.com 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.