Kelly Financial Group LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Kelly Financial Group LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,572 shares of the e-commerce giant's stock after buying an additional 1,532 shares during the quarter. Kelly Financial Group LLC's holdings in Amazon.com were worth $1,251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Compass Planning Associates Inc purchased a new position in Amazon.com in the 4th quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 2.8%

NASDAQ:AMZN opened at $223.30 on Monday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company's 50-day simple moving average is $202.26 and its 200 day simple moving average is $208.72. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a PEG ratio of 1.68 and a beta of 1.34.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) 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 the consensus estimate 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 firm posted $0.98 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group decreased their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $245.81.

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.

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