Roffman Miller Associates Inc. PA Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Roffman Miller Associates Inc. PA increased its holdings in Amazon.com, Inc. by 4.0%, acquiring a total of 264,944 shares valued at approximately $50.4 million.
• Insider Jeffrey P. Bezos recently sold over 4.2 million shares of Amazon, valued at nearly $960.7 million, reducing his ownership stake by 0.47%.
• Amazon's latest quarterly earnings exceeded expectations, reporting $1.68 EPS and $167.7 billion in revenue, marking a 13.3% year-over-year increase.

Roffman Miller Associates Inc. PA boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,944 shares of the e-commerce giant's stock after buying an additional 10,308 shares during the quarter. Amazon.com makes up approximately 3.2% of Roffman Miller Associates Inc. PA's investment portfolio, making the stock its 6th largest position. Roffman Miller Associates Inc. PA's holdings in Amazon.com were worth $50,408,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth $40,000. Finally, Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $19.36 during mid-day trading on Friday, hitting $214.75. 122,007,379 shares of the stock were exchanged, compared to its average volume of 37,811,656. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a 50-day simple moving average of $218.20 and a 200 day simple moving average of $209.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a P/E/G ratio of 1.59 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the firm earned $1.26 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMZN shares. Moffett Nathanson upped their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. JMP Securities reiterated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday. Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday. Finally, Rosenblatt Securities increased their price target on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $262.45.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Insiders own 9.70% of the company's stock.

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.