Kehrs Ridge Capital LLC Acquires Shares of 5,600 Amazon.com, Inc. (NASDAQ:AMZN)

Kehrs Ridge Capital LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,600 shares of the e-commerce giant’s stock, valued at approximately $18,192,000. Amazon.com comprises about 3.7% of Kehrs Ridge Capital LLC’s portfolio, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Inspirion Wealth Advisors LLC lifted its position in Amazon.com by 0.8% in the 3rd quarter. Inspirion Wealth Advisors LLC now owns 399 shares of the e-commerce giant’s stock valued at $1,256,000 after purchasing an additional 3 shares during the last quarter. Wambolt & Associates LLC lifted its position in Amazon.com by 1.9% in the 2nd quarter. Wambolt & Associates LLC now owns 214 shares of the e-commerce giant’s stock valued at $590,000 after purchasing an additional 4 shares during the last quarter. Focused Wealth Management Inc lifted its position in Amazon.com by 0.4% in the 2nd quarter. Focused Wealth Management Inc now owns 950 shares of the e-commerce giant’s stock valued at $2,621,000 after purchasing an additional 4 shares during the last quarter. SYM FINANCIAL Corp increased its stake in Amazon.com by 3.6% during the 2nd quarter. SYM FINANCIAL Corp now owns 115 shares of the e-commerce giant’s stock valued at $317,000 after buying an additional 4 shares during the period. Finally, Davis Capital Management increased its stake in Amazon.com by 11.4% during the 2nd quarter. Davis Capital Management now owns 39 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 52.82% of the company’s stock.

In other news, CEO Jeffrey A. Wilke sold 1,200 shares of Amazon.com stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $3,114.36, for a total value of $3,737,232.00. Following the transaction, the chief executive officer now owns 8,291 shares of the company’s stock, valued at $25,821,158.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 293 shares of Amazon.com stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $3,085.62, for a total transaction of $904,086.66. Following the completion of the transaction, the vice president now directly owns 6,282 shares in the company, valued at approximately $19,383,864.84. The disclosure for this sale can be found here. In the last three months, insiders sold 12,441 shares of company stock worth $38,485,392. Insiders own 16.10% of the company’s stock.

Several equities analysts have commented on the stock. Wedbush raised their target price on shares of Amazon.com from $3,700.00 to $3,900.00 in a research note on Friday, October 30th. Guggenheim raised their target price on shares of Amazon.com from $2,700.00 to $3,600.00 in a research note on Friday, July 31st. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Friday, October 30th. Pivotal Research raised their target price on shares of Amazon.com from $3,925.00 to $4,500.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Finally, Smith Barney Citigroup raised their target price on shares of Amazon.com from $3,550.00 to $3,600.00 in a research note on Tuesday, November 3rd. Four analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $3,580.13.

NASDAQ:AMZN opened at $3,099.40 on Friday. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,552.25. The firm has a market cap of $1,555.13 billion, a price-to-earnings ratio of 90.76, a P/E/G ratio of 3.21 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $3,195.50 and its 200-day moving average is $2,974.12.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 EPS for the quarter, beating the Zacks’ consensus estimate of $7.41 by $4.96. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The company had revenue of $96.15 billion for the quarter, compared to analyst estimates of $92.56 billion. During the same quarter last year, the firm posted $4.23 earnings per share. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 33.77 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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