Conrad Siegel Investment Advisors Inc. Sells 724 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Conrad Siegel Investment Advisors Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,987 shares of the e-commerce giant’s stock after selling 724 shares during the period. Amazon.com makes up about 0.3% of Conrad Siegel Investment Advisors Inc.’s portfolio, making the stock its 23rd largest position. Conrad Siegel Investment Advisors Inc.’s holdings in Amazon.com were worth $1,329,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% during the fourth 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 period. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc increased 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 valued at $42,000 after acquiring an additional 80 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0%

Shares of AMZN stock opened at $213.24 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock’s fifty day moving average is $194.64 and its two-hundred day moving average is $209.13. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 38.56, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced 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 company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMZN shares. Barclays lowered 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. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, June 2nd. Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Company 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.