Kieckhefer Group LLC Takes $567,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kieckhefer Group LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,586 shares of the e-commerce giant’s stock, valued at approximately $567,000. Amazon.com comprises approximately 0.3% of Kieckhefer Group LLC’s portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Capital Investment Advisors LLC raised its holdings in Amazon.com by 5.0% during the 4th quarter. Capital Investment Advisors LLC now owns 229,671 shares of the e-commerce giant’s stock valued at $50,388,000 after buying an additional 10,848 shares during the period. ACT Advisors LLC. raised its holdings in Amazon.com by 7.0% during the 4th quarter. ACT Advisors LLC. now owns 3,133 shares of the e-commerce giant’s stock valued at $687,000 after buying an additional 204 shares during the period. DBK Financial Counsel LLC purchased a new stake in Amazon.com during the 4th quarter valued at $206,000. City State Bank raised its holdings in Amazon.com by 1.9% during the 4th quarter. City State Bank now owns 16,663 shares of the e-commerce giant’s stock valued at $3,656,000 after buying an additional 315 shares during the period. Finally, Trust Co. of Toledo NA OH increased its stake in Amazon.com by 3.2% in the fourth quarter. Trust Co. of Toledo NA OH now owns 86,248 shares of the e-commerce giant’s stock worth $18,922,000 after purchasing an additional 2,689 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush increased their price target on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Sanford C. Bernstein increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $247.72.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $235.01 on Thursday. The firm has a market cap of $2.47 trillion, a PE ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The firm’s fifty day moving average is $218.73 and its 200-day moving average is $196.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $235.44.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 5.39 earnings per share 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.