Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,134 shares of the e-commerce giant’s stock after purchasing an additional 3,982 shares during the period. Amazon.com accounts for about 2.1% of Kirtland Hills Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Kirtland Hills Capital Management LLC’s holdings in Amazon.com were worth $3,320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. AMF Tjanstepension AB lifted its position in shares of Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Swedbank AB lifted its holdings in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after buying an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC bought a new stake in shares of Amazon.com in the third quarter valued at approximately $279,000. Howard Capital Management Group LLC grew its stake in shares of Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after acquiring an additional 897 shares during the last quarter. Finally, Meridian Management Co. increased its position in Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after acquiring an additional 7,246 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a report on Friday, February 7th. 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 report on Tuesday, February 25th. TD Cowen boosted their price target on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Up 0.1 %

Shares of NASDAQ AMZN opened at $201.36 on Friday. 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 company has a 50-day moving average price of $217.53 and a 200-day moving average price of $208.75. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.