Amazon.com, Inc. (NASDAQ:AMZN) is Kessler Investment Group LLC's 7th Largest Position

Kessler Investment Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,941 shares of the e-commerce giant's stock after acquiring an additional 1,974 shares during the quarter. Amazon.com makes up about 3.4% of Kessler Investment Group LLC's portfolio, making the stock its 7th largest position. Kessler Investment Group LLC's holdings in Amazon.com were worth $7,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. grew its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC boosted its position in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its holdings in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN traded down $1.83 during midday trading on Tuesday, hitting $227.47. The company's stock had a trading volume of 34,014,567 shares, compared to its average volume of 41,950,242. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company's fifty day simple moving average is $213.50 and its two-hundred day simple moving average is $208.51. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the sale, the insider owned 894,546,706 shares in the company, valued at $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 over the last three months. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. Needham & Company LLC lifted their price objective on shares of Amazon.com from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday. Benchmark reiterated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, July 10th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $253.98.

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.