Kelly Financial Group LLC Makes New $1.11 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Kelly Financial Group LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.

The fund acquired 5,040 shares of the e-commerce giant’s stock, valued at approximately $1,106,000. Several other institutional investors and hedge funds also recently made changes to their positions in the company. Accordant Advisory Group Inc boosted its stake in Amazon.



com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period.

Icon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 20.5% during the third quarter.

Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.

8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Amazon.

com in the fourth quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at about $54,000.

Institutional investors and hedge funds own 72.20% of the company’s stock. Insiders Place Their BetsIn related news, CEO Douglas J.

Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.

00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09.

This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.

51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60.

This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here.

Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 9.0 %Shares of NASDAQ:AMZN opened at $178.

41 on Friday. The business’s 50-day moving average is $213.46 and its 200-day moving average is $209.

01. Amazon.com, Inc.

has a 1 year low of $151.61 and a 1 year high of $242.52.

The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 1.

50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.

18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.

86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34.

Amazon.com had a return on equity of 24.25% and a net margin of 9.

29%. Equities research analysts predict that Amazon.com, Inc.

will post 6.31 earnings per share for the current year. Wall Street Analysts Forecast GrowthSeveral analysts have weighed in on AMZN shares.

Royal Bank of Canada lifted their price objective on shares of Amazon.com from $255.00 to $265.

00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.

00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Phillip Securities cut Amazon.

com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. TD Cowen raised their price objective on Amazon.com from $240.

00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $280.

00 price objective on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock.

According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $260.53.Get Our Latest Research Report on AMZNAmazon.

com Profile (Free Report)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.Featured ArticlesFive stocks we like better than Amazon.com3 Monster Growth Stocks to Buy NowShares of RH Down Nearly 40%: Where Investors Can Turn To NowInvesting In Automotive StocksTariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianWhat Makes a Stock a Good Dividend Stock?Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy?Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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