Means Investment CO. Inc. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Means Investment CO. Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 239,073 shares of the e-commerce giant’s stock after acquiring an additional 1,733 shares during the period. Amazon.com accounts for approximately 5.2% of Means Investment CO. Inc.’s portfolio, making the stock its 6th largest holding. Means Investment CO. Inc.’s holdings in Amazon.com were worth $36,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp raised its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the 3rd quarter valued at about $49,000. Bruce G. Allen Investments LLC purchased a new position in Amazon.com during the 4th quarter valued at about $57,000. Finally, AM Squared Ltd purchased a new position in Amazon.com during the 3rd quarter valued at about $76,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 1.6 %

AMZN stock opened at $176.59 on Thursday. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The business’s 50-day moving average is $177.71 and its two-hundred day moving average is $158.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. Amazon.com’s revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMZN shares. Roth Mkm reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Tuesday, April 16th. Piper Sandler lifted their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Susquehanna lifted their target price on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Finally, The Goldman Sachs Group boosted their price objective on Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $204.76.

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.