Meyer Handelman Co. Has $62.29 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Meyer Handelman Co. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 327,403 shares of the e-commerce giant's stock after buying an additional 1,394 shares during the period. Amazon.com accounts for about 2.2% of Meyer Handelman Co.'s holdings, making the stock its 11th biggest holding. Meyer Handelman Co.'s holdings in Amazon.com were worth $62,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth $35,000. Finally, Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $1.14 during trading hours on Friday, reaching $212.10. The company's stock had a trading volume of 29,295,190 shares, compared to its average volume of 42,179,363. The company's 50 day simple moving average is $195.47 and its 200 day simple moving average is $209.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.25 trillion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the firm earned $0.98 EPS. Amazon.com's revenue was up 8.6% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMZN. Morgan Stanley lowered their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. BNP Paribas upgraded Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Oppenheimer cut their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group cut their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Scotiabank dropped their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last quarter. Insiders own 9.70% of the company's stock.

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.