Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,689 shares of the e-commerce giant’s stock after acquiring an additional 1,160 shares during the quarter. Amazon.com comprises about 0.9% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Kapstone Financial Advisors LLC’s holdings in Amazon.com were worth $1,653,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at approximately $27,000. Accordant Advisory Group Inc boosted its stake 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 valued at $27,000 after purchasing an additional 100 shares during the period. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% during the 4th 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 period. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $51,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.1%

NASDAQ AMZN opened at $212.52 on Thursday. The stock has a fifty day moving average of $197.28 and a 200-day moving average of $209.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm 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%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Rosenblatt Securities raised their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Barclays reduced their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Bank of America raised their price objective on Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.89.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now directly owns 517,050 shares in the company, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last three months. Corporate 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.