Keystone Financial Services LLC Invests $587,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Keystone Financial Services LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,677 shares of the e-commerce giant's stock, valued at approximately $587,000. Amazon.com makes up about 0.5% of Keystone Financial Services LLC's investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at $25,000. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% during the fourth 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 in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter worth about $35,000. Finally, Perritt Capital Management Inc increased its holdings 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 buying an additional 80 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMZN shares. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Tigress Financial lifted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Bank of America lifted their price objective on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of AMZN traded down $4.41 during mid-day trading on Wednesday, hitting $213.20. 39,186,416 shares of the stock were exchanged, compared to its average volume of 42,179,278. The company has a market cap of $2.26 trillion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 1.50 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. The firm has a 50-day moving average of $193.04 and a two-hundred day moving average of $209.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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 the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.