KPP Advisory Services LLC Acquires 8,493 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

KPP Advisory Services LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,738 shares of the e-commerce giant’s stock after buying an additional 8,493 shares during the quarter. Amazon.com accounts for approximately 1.6% of KPP Advisory Services LLC’s investment portfolio, making the stock its 12th largest position. KPP Advisory Services LLC’s holdings in Amazon.com were worth $8,892,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter valued at $40,000. Finally, Capitol Family Office Inc. purchased a new position in Amazon.com during the first quarter valued at $42,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the sale, the insider directly owned 894,546,706 shares in the company, valued at approximately $203,079,993,196.12. This represents a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 1.0%

Shares of AMZN stock opened at $226.13 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 1.67 and a beta of 1.33. 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 firm has a fifty day moving average of $213.50 and a 200-day moving average of $208.67.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Jefferies Financial Group raised their price target on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Wells Fargo & Company lifted their price target on shares of Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Raymond James Financial reiterated an “outperform” rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a report on Friday, June 27th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $250.35.

Amazon.com Company 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.