Kilter Group LLC Invests $1.02 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Kilter Group LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,660 shares of the e-commerce giant's stock, valued at approximately $1,022,000. Amazon.com comprises about 0.7% of Kilter Group LLC's portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $27,000. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter worth approximately $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.7%

NASDAQ:AMZN opened at $213.57 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm has a market cap of $2.27 trillion, a P/E ratio of 38.62, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a 50-day simple moving average of $191.84 and a two-hundred day simple moving average of $208.75.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Citizens Jmp dropped their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Loop Capital raised their target price on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Bank of America increased their price objective on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Insiders own 9.70% of the company's stock.

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.

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