Kennedy Investment Group Has $8.34 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kennedy Investment Group raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,594 shares of the e-commerce giant’s stock after purchasing an additional 512 shares during the period. Amazon.com comprises about 5.0% of Kennedy Investment Group’s portfolio, making the stock its 3rd largest holding. Kennedy Investment Group’s holdings in Amazon.com were worth $8,338,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Zweig DiMenna Associates LLC grew its position in shares of Amazon.com by 27.0% during the third quarter. Zweig DiMenna Associates LLC now owns 289,955 shares of the e-commerce giant’s stock worth $36,859,000 after acquiring an additional 61,640 shares during the last quarter. Leading Edge Financial Planning LLC grew its position in shares of Amazon.com by 36.3% during the third quarter. Leading Edge Financial Planning LLC now owns 2,814 shares of the e-commerce giant’s stock worth $358,000 after acquiring an additional 750 shares during the last quarter. Tower Wealth Partners Inc. grew its position in shares of Amazon.com by 4.8% during the third quarter. Tower Wealth Partners Inc. now owns 3,216 shares of the e-commerce giant’s stock worth $409,000 after acquiring an additional 146 shares during the last quarter. Forsta AP Fonden grew its position in shares of Amazon.com by 0.6% during the third quarter. Forsta AP Fonden now owns 2,260,700 shares of the e-commerce giant’s stock worth $287,380,000 after acquiring an additional 12,500 shares during the last quarter. Finally, Ardevora Asset Management LLP bought a new position in shares of Amazon.com during the third quarter worth about $51,302,000. Institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AMZN. Argus restated a “buy” rating and set a $165.00 price target on shares of Amazon.com in a research report on Wednesday, September 27th. Roth Mkm increased their target price on shares of Amazon.com from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, December 18th. TheStreet upgraded shares of Amazon.com from a “c+” rating to a “b-” rating in a research report on Friday, October 27th. Stifel Nicolaus increased their target price on shares of Amazon.com from $173.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Finally, Mizuho reiterated a “buy” rating and issued a $180.00 target price on shares of Amazon.com in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $175.98.

Check Out Our Latest Report on AMZN

Amazon.com Trading Up 1.2 %

Amazon.com stock opened at $155.34 on Friday. The company’s fifty day simple moving average is $149.19 and its 200-day simple moving average is $138.78. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Amazon.com, Inc. has a 12 month low of $88.12 and a 12 month high of $157.17. The stock has a market cap of $1.61 trillion, a P/E ratio of 80.49, a P/E/G ratio of 1.46 and a beta of 1.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 EPS for the quarter, beating the consensus estimate of $0.58 by $0.27. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The business had revenue of $143.08 billion for the quarter, compared to analysts’ expectations of $141.53 billion. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 2.62 EPS for the current fiscal year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the sale, the chief executive officer now owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $133.98, for a total transaction of $535,920.00. Following the completion of the transaction, the chief executive officer now owns 518,316 shares of the company’s stock, valued at approximately $69,443,977.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The disclosure for this sale can be found here. Insiders have sold a total of 65,329 shares of company stock worth $9,336,883 in the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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