KPP Advisory Services LLC Buys 831 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

KPP Advisory Services LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,245 shares of the e-commerce giant’s stock after acquiring an additional 831 shares during the quarter. Amazon.com comprises approximately 2.0% of KPP Advisory Services LLC’s investment portfolio, making the stock its 10th biggest holding. KPP Advisory Services LLC’s holdings in Amazon.com were worth $8,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NavPoint Financial Inc. boosted its position in Amazon.com by 8.4% in the 4th quarter. NavPoint Financial Inc. now owns 2,590 shares of the e-commerce giant’s stock valued at $568,000 after buying an additional 200 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in shares of Amazon.com by 3.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 41,045 shares of the e-commerce giant’s stock worth $9,005,000 after buying an additional 1,411 shares during the last quarter. CFM Wealth Partners LLC raised its stake in shares of Amazon.com by 1.7% during the fourth quarter. CFM Wealth Partners LLC now owns 102,849 shares of the e-commerce giant’s stock worth $22,564,000 after buying an additional 1,720 shares during the last quarter. CCG Wealth Management LLC lifted its holdings in Amazon.com by 3.8% in the fourth quarter. CCG Wealth Management LLC now owns 6,338 shares of the e-commerce giant’s stock valued at $1,390,000 after buying an additional 232 shares during the period. Finally, Horst & Graben Wealth Management LLC boosted its stake in Amazon.com by 5.5% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 5,779 shares of the e-commerce giant’s stock valued at $1,268,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. The Goldman Sachs Group increased their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Barclays lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Price Performance

Shares of AMZN opened at $212.80 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $227.11 and its 200 day simple moving average is $205.20. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 38.48, a PEG ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,149 shares of company stock valued at $24,606,905 over the last 90 days. 10.80% of the stock is currently owned by insiders.

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.