Kanawha Capital Management LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kanawha Capital Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,254 shares of the e-commerce giant’s stock after buying an additional 4,317 shares during the period. Amazon.com accounts for about 1.1% of Kanawha Capital Management LLC’s portfolio, making the stock its 29th largest holding. Kanawha Capital Management LLC’s holdings in Amazon.com were worth $14,316,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMZN. Campbell Wealth Management grew its position in shares of Amazon.com by 153.8% in the fourth quarter. Campbell Wealth Management now owns 8,389 shares of the e-commerce giant’s stock valued at $1,840,000 after purchasing an additional 5,083 shares in the last quarter. Asset Planning Inc acquired a new position in Amazon.com during the fourth quarter worth $14,398,000. Vicus Capital grew its holdings in Amazon.com by 45.6% in the 4th quarter. Vicus Capital now owns 28,249 shares of the e-commerce giant’s stock valued at $6,197,000 after buying an additional 8,845 shares in the last quarter. Pictet North America Advisors SA increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. Pictet North America Advisors SA now owns 157,328 shares of the e-commerce giant’s stock worth $34,516,000 after acquiring an additional 836 shares during the last quarter. Finally, DT Investment Partners LLC raised its holdings in shares of Amazon.com by 0.7% during the 4th quarter. DT Investment Partners LLC now owns 24,886 shares of the e-commerce giant’s stock worth $5,460,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Roth Mkm raised their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Piper Sandler reissued an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their target price on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Finally, Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Two 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $193.89 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.05 trillion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business has a 50 day simple moving average of $222.18 and a 200-day simple moving average of $207.10.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 24.25% and a net margin of 9.29%. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.