Kure Advisory LLC Purchases Shares of 1,867 Amazon.com, Inc. (NASDAQ:AMZN)

Kure Advisory LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,867 shares of the e-commerce giant's stock, valued at approximately $355,000.

Several other institutional investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% during the 4th 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. bought a new stake in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc raised its position in shares of 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 acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Down 0.5%

Shares of AMZN stock traded down $1.14 on Friday, hitting $212.10. The company's stock had a trading volume of 29,295,190 shares, compared to its average volume of 42,179,363. 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 firm's fifty day moving average price is $195.47 and its 200-day moving average price is $209.18. The stock has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33.

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, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business's revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last quarter. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AMZN. Westpark Capital reissued a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Barclays reduced their price target 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. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. DA Davidson reduced their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

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.