AMI Investment Management Inc. Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

AMI Investment Management Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 22,028 shares of the e-commerce giant’s stock after buying an additional 764 shares during the quarter. Amazon.com makes up about 1.4% of AMI Investment Management Inc.’s investment portfolio, making the stock its 22nd largest holding. AMI Investment Management Inc.’s holdings in Amazon.com were worth $4,191,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth about $27,000. Accordant Advisory Group Inc lifted its stake in shares of Amazon.com by 400.0% in 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 during the period. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc boosted its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com in the fourth quarter worth $51,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.6%

NASDAQ:AMZN opened at $214.82 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business has a fifty day moving average price of $196.86 and a 200-day moving average price of $209.30. The firm has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Morgan Stanley decreased their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Wedbush reaffirmed an “outperform” rating and set a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $244.89.

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.