Keystone Financial Group Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Keystone Financial Group increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 83.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,451 shares of the e-commerce giant's stock after acquiring an additional 41,945 shares during the period. Amazon.com comprises about 2.0% of Keystone Financial Group's portfolio, making the stock its 9th biggest position. Keystone Financial Group's holdings in Amazon.com were worth $20,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Savvy Advisors Inc. grew its position in shares of Amazon.com by 78.2% in the 4th quarter. Savvy Advisors Inc. now owns 54,793 shares of the e-commerce giant's stock valued at $12,021,000 after buying an additional 24,047 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of Amazon.com by 2.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 307,962 shares of the e-commerce giant's stock valued at $67,564,000 after buying an additional 7,771 shares during the last quarter. Sanders Capital LLC grew its position in shares of Amazon.com by 17.1% in the 4th quarter. Sanders Capital LLC now owns 12,803,166 shares of the e-commerce giant's stock valued at $2,808,887,000 after buying an additional 1,873,245 shares during the last quarter. TT Capital Management LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $911,000. Finally, Primoris Wealth Advisors LLC grew its position in shares of Amazon.com by 1.7% in the 4th quarter. Primoris Wealth Advisors LLC now owns 23,488 shares of the e-commerce giant's stock valued at $5,153,000 after buying an additional 388 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $15.58 during trading on Monday, hitting $208.64. 75,079,153 shares of the company were exchanged, compared to its average volume of 41,855,751. 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, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market cap of $2.21 trillion, a PE ratio of 37.73, a P/E/G ratio of 1.50 and a beta of 1.30. The stock has a 50 day moving average of $188.50 and a 200 day moving average of $208.10.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the business posted $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated 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 transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,298 shares of company stock worth $23,818,478. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Cantor Fitzgerald boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. BNP Paribas raised Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Finally, Piper Sandler reissued an "overweight" rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

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.