DKM Wealth Management Inc. Takes $1.12 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

DKM Wealth Management Inc. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 5,101 shares of the e-commerce giant’s stock, valued at approximately $1,119,000. Amazon.com accounts for approximately 1.1% of DKM Wealth Management Inc.’s investment portfolio, making the stock its 16th biggest holding.

Several other hedge funds have also added to or reduced their stakes in AMZN. Ardmore Road Asset Management LP purchased a new position in shares of Amazon.com in the fourth quarter worth about $44,317,000. Huntington National Bank grew its position in Amazon.com by 3.6% during the 4th quarter. Huntington National Bank now owns 1,377,450 shares of the e-commerce giant’s stock worth $302,199,000 after acquiring an additional 47,233 shares during the last quarter. Private Portfolio Partners LLC increased its stake in Amazon.com by 2.1% in the 4th quarter. Private Portfolio Partners LLC now owns 21,025 shares of the e-commerce giant’s stock worth $4,613,000 after purchasing an additional 440 shares during the period. Intrepid Capital Management Inc. lifted its position in Amazon.com by 1.0% in the fourth quarter. Intrepid Capital Management Inc. now owns 8,669 shares of the e-commerce giant’s stock valued at $1,902,000 after purchasing an additional 84 shares during the last quarter. Finally, Kesler Norman & Wride LLC boosted its stake in shares of Amazon.com by 13.9% during the fourth quarter. Kesler Norman & Wride LLC now owns 20,047 shares of the e-commerce giant’s stock valued at $4,398,000 after purchasing an additional 2,451 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMZN shares. UBS Group lowered their price target on shares of Amazon.com from $272.00 to $253.00 and set a “buy” rating for the company in a report on Tuesday. Loop Capital upped their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Evercore ISI cut their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday. Stifel Nicolaus lowered their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research report on Friday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $240.00 price objective on shares of Amazon.com in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.55.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was 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 owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.1 %

Shares of NASDAQ AMZN opened at $189.98 on Friday. The company has a market cap of $2.02 trillion, a PE ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. 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’s 50 day moving average price is $190.48 and its 200-day moving average price is $207.77. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 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 the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.