KKM Financial LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

KKM Financial LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,594 shares of the e-commerce giant's stock after purchasing an additional 1,519 shares during the quarter. Amazon.com makes up about 1.9% of KKM Financial LLC's portfolio, making the stock its 8th biggest holding. KKM Financial LLC's holdings in Amazon.com were worth $4,538,000 at the end of the most recent reporting period.

A number of other hedge funds have 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 valued at about $27,000. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.5%

AMZN stock traded down $1.10 during midday trading on Friday, reaching $204.60. 6,882,374 shares of the company's stock traded hands, compared to its average volume of 41,861,767. 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 fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50-day moving average price of $190.60 and a two-hundred day moving average price of $208.70. The company has a market capitalization of $2.17 trillion, a P/E ratio of 37.00, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $154.96 billion. During the same period last year, the company posted $0.98 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,537 shares of company stock valued at $20,018,625. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Mizuho lowered their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus reduced their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Oppenheimer lowered their price target on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Benchmark restated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Morgan Stanley reduced their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $244.09.

About Amazon.com

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.