KG&L Capital Management LLC Has $11.08 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

KG&L Capital Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,903 shares of the e-commerce giant’s stock after purchasing an additional 370 shares during the period. Amazon.com comprises approximately 4.6% of KG&L Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. KG&L Capital Management LLC’s holdings in Amazon.com were worth $11,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Register Financial Advisors LLC increased its holdings in Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares during the period. Wedge Capital Management L L P NC grew its holdings in Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after acquiring an additional 148 shares during the period. Cherrydale Wealth Management LLC grew its holdings in Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp grew its holdings in Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the period. Finally, Nicholas Company Inc. grew its holdings in Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 over the last three months. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Stock Down 2.6 %

Shares of NASDAQ:AMZN opened at $174.63 on Friday. The firm has a fifty day moving average price of $177.28 and a two-hundred day moving average price of $156.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company has a market cap of $1.82 trillion, a price-to-earnings ratio of 60.22, a PEG ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. JMP Securities increased their price target on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Barclays increased their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. TD Cowen increased their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley increased their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $202.80.

Amazon.com Company 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.