KG&L Capital Management LLC Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

KG&L Capital Management LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 58,200 shares of the e-commerce giant’s stock after selling 4,791 shares during the period. Amazon.com comprises 4.1% of KG&L Capital Management LLC’s holdings, making the stock its 4th largest position. KG&L Capital Management LLC’s holdings in Amazon.com were worth $12,768,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMZN. Dohj LLC boosted its position in shares of Amazon.com by 32.0% during the fourth quarter. Dohj LLC now owns 38,414 shares of the e-commerce giant’s stock valued at $8,428,000 after buying an additional 9,311 shares during the last quarter. AJ Advisors LLC raised its position in Amazon.com by 2.3% in the fourth quarter. AJ Advisors LLC now owns 3,330 shares of the e-commerce giant’s stock worth $731,000 after acquiring an additional 76 shares during the period. Marietta Wealth Management LLC raised its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Marietta Wealth Management LLC now owns 70,479 shares of the e-commerce giant’s stock worth $15,462,000 after purchasing an additional 366 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in shares of Amazon.com by 12.1% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 237,089 shares of the e-commerce giant’s stock valued at $52,015,000 after buying an additional 25,647 shares during the last quarter. Finally, Manuka Financial LLC bought a new position in Amazon.com during the fourth quarter worth about $905,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. Susquehanna lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Raymond James boosted their target price on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Finally, Moffett Nathanson upped their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Stock Down 2.8 %

Amazon.com stock opened at $216.58 on Monday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business has a fifty day moving average of $227.88 and a two-hundred day moving average of $204.55. The firm has a market cap of $2.30 trillion, a P/E ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,852 shares of company stock worth $9,324,151. Corporate insiders own 10.80% of the company’s stock.

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.