Kennedy Investment Group Has $14.16 Million Position in Amazon.com, Inc. $AMZN

Kennedy Investment Group trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,518 shares of the e-commerce giant’s stock after selling 216 shares during the quarter. Amazon.com accounts for 6.0% of Kennedy Investment Group’s portfolio, making the stock its 4th largest holding. Kennedy Investment Group’s holdings in Amazon.com were worth $14,155,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com in the second quarter valued at $27,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the first quarter valued at $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter valued at $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com in the first quarter valued at $42,000. Finally, Maryland Capital Advisors Inc. raised its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group restated a “buy” rating and issued a $271.00 target price (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Wedbush restated an “outperform” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, September 19th. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Oppenheimer dropped their price objective on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Finally, Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $266.26.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the transaction, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,697,459 shares of company stock valued at $4,250,847,273 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $220.90 on Tuesday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market cap of $2.36 trillion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business has a fifty day moving average of $226.31 and a 200-day moving average of $211.41.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts predict 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.