Kessler Investment Group LLC Has $5.87 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Kessler Investment Group LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,177 shares of the e-commerce giant’s stock after selling 35 shares during the period. Amazon.com comprises about 6.0% of Kessler Investment Group LLC’s holdings, making the stock its 3rd largest position. Kessler Investment Group LLC’s holdings in Amazon.com were worth $5,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Peak Asset Management LLC grew its holdings in shares of Amazon.com by 1.1% during the second quarter. Peak Asset Management LLC now owns 548 shares of the e-commerce giant’s stock worth $1,038,000 after purchasing an additional 6 shares in the last quarter. New World Advisors LLC increased its position in shares of Amazon.com by 0.8% during the 2nd quarter. New World Advisors LLC now owns 731 shares of the e-commerce giant’s stock valued at $1,384,000 after purchasing an additional 6 shares during the last quarter. CHICAGO TRUST Co NA raised its holdings in shares of Amazon.com by 1.2% during the 3rd quarter. CHICAGO TRUST Co NA now owns 500 shares of the e-commerce giant’s stock valued at $868,000 after buying an additional 6 shares in the last quarter. Lantz Financial LLC lifted its position in Amazon.com by 1.1% in the 3rd quarter. Lantz Financial LLC now owns 573 shares of the e-commerce giant’s stock worth $982,000 after buying an additional 6 shares during the last quarter. Finally, Sky Investment Group LLC lifted its position in Amazon.com by 0.7% in the 3rd quarter. Sky Investment Group LLC now owns 882 shares of the e-commerce giant’s stock worth $1,531,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 55.98% of the company’s stock.

Amazon.com stock traded up $6.83 during midday trading on Thursday, reaching $1,868.85. The company’s stock had a trading volume of 216,474 shares, compared to its average volume of 3,221,894. The stock’s 50-day simple moving average is $1,818.23 and its 200-day simple moving average is $1,817.94. The stock has a market capitalization of $923.19 billion, a P/E ratio of 92.73, a PEG ratio of 2.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a 52-week low of $1,566.76 and a 52-week high of $2,035.80.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The firm had revenue of $69.98 billion for the quarter, compared to analyst estimates of $68.72 billion. During the same period last year, the firm earned $5.75 EPS. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 20.51 earnings per share for the current fiscal year.

In other news, SVP Jeffrey M. Blackburn sold 3,573 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $1,752.23, for a total value of $6,260,717.79. Following the completion of the sale, the senior vice president now directly owns 50,659 shares in the company, valued at $88,766,219.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,745.57, for a total value of $6,065,855.75. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $17,455,700. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,196 shares of company stock worth $17,869,618. Insiders own 16.10% of the company’s stock.

A number of equities research analysts have recently weighed in on AMZN shares. Raymond James lowered their price objective on shares of Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Argus reaffirmed a “buy” rating and set a $2,250.00 target price on shares of Amazon.com in a report on Tuesday, December 31st. They noted that the move was a valuation call. Cowen restated a “buy” rating and set a $2,400.00 price target on shares of Amazon.com in a research report on Tuesday, December 17th. Deutsche Bank set a $2,150.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, China Renaissance Securities started coverage on Amazon.com in a report on Tuesday, November 26th. They set a “hold” rating and a $1,850.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $2,174.02.

Amazon.com Profile

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

Further Reading: Understanding the different types of bonds

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.