Kendall Capital Management Takes $382,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kendall Capital Management bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,741 shares of the e-commerce giant's stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Coordinated Financial Services Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at about $1,788,000. Axis Wealth Partners LLC acquired a new stake in Amazon.com during the fourth quarter worth about $992,000. Coalescence Partners Investment Management LP raised its position in Amazon.com by 32.7% during the fourth quarter. Coalescence Partners Investment Management LP now owns 135,719 shares of the e-commerce giant's stock valued at $29,775,000 after acquiring an additional 33,455 shares in the last quarter. United Community Bank boosted its position in Amazon.com by 0.9% in the 4th quarter. United Community Bank now owns 13,293 shares of the e-commerce giant's stock worth $2,916,000 after purchasing an additional 125 shares in the last quarter. Finally, Strategic Equity Management purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $373,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 2.0 %

AMZN stock traded up $3.65 during midday trading on Friday, reaching $184.87. 50,532,441 shares of the company were exchanged, compared to its average volume of 41,604,472. The stock's 50-day simple moving average is $204.23 and its 200 day simple moving average is $208.54. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. HSBC increased their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Piper Sandler restated an "overweight" rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. DA Davidson upped their price target on Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Mizuho dropped their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group reduced their target price on Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $258.19.

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.