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

KPP Advisory Services LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 46,738 shares of the e-commerce giant's stock after buying an additional 8,493 shares during the period. Amazon.com comprises about 1.6% of KPP Advisory Services LLC's portfolio, making the stock its 12th largest holding. KPP Advisory Services LLC's holdings in Amazon.com were worth $8,892,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Western Wealth Management LLC grew its stake in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its holdings in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new position in Amazon.com in the 4th quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC grew its position in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $2.25 during trading hours on Friday, reaching $226.13. The company's stock had a trading volume of 37,691,170 shares, compared to its average volume of 41,988,670. The stock has a market cap of $2.40 trillion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company's 50 day simple moving average is $213.50 and its 200 day simple moving average is $208.67. 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 quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business 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 period last year, the firm posted $0.98 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Jefferies Financial Group boosted their target price on Amazon.com from $255.00 to $265.00 in a research note on Wednesday. Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Raymond James Financial restated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, DA Davidson reduced their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.35.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 733,195 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the transaction, the insider directly owned 894,546,706 shares in the company, valued at $203,079,993,196.12. The trade was a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. Corporate insiders own 9.70% of the company's stock.

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.