Kanawha Capital Management LLC Acquires 1,699 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kanawha Capital Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,482 shares of the e-commerce giant’s stock after purchasing an additional 1,699 shares during the period. Kanawha Capital Management LLC’s holdings in Amazon.com were worth $5,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its position in Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. FMR LLC raised its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at about $610,138,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMZN shares. Citigroup increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. UBS Group upped their price target on Amazon.com from $198.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Morgan Stanley raised their price objective on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Mizuho boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Wolfe Research increased their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $205.13.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 0.7 %

Shares of AMZN stock opened at $180.96 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The firm has a fifty day moving average price of $178.22 and a 200-day moving average price of $159.32.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

Amazon.com 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.