Keel Point LLC Has $5.31 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Keel Point LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,969 shares of the e-commerce giant’s stock after buying an additional 3,569 shares during the period. Amazon.com accounts for 0.6% of Keel Point LLC’s portfolio, making the stock its 26th largest holding. Keel Point LLC’s holdings in Amazon.com were worth $5,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. FMR LLC lifted 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 during the last quarter. Northern Trust Corp lifted its holdings in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the last quarter. Jennison Associates LLC boosted its position in Amazon.com by 28.4% during the third 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, Charles Schwab Investment Management Inc. grew its holdings in Amazon.com by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Robert W. Baird upped their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday. Monness Crespi & Hardt lifted their target price on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group boosted their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $211.07.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,217,010 shares of company stock valued at $5,506,442,301. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

Amazon.com stock opened at $186.21 on Friday. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. The company’s 50 day simple moving average is $179.02 and its 200 day simple moving average is $160.32.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.55 EPS for the current 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.