Farmers & Merchants Investments Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Farmers & Merchants Investments Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,650 shares of the e-commerce giant's stock after buying an additional 4,000 shares during the period. Amazon.com accounts for about 0.8% of Farmers & Merchants Investments Inc.'s portfolio, making the stock its 25th largest holding. Farmers & Merchants Investments Inc.'s holdings in Amazon.com were worth $25,809,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Tritonpoint Wealth LLC increased its holdings in shares of Amazon.com by 1.9% in the first quarter. Tritonpoint Wealth LLC now owns 179,752 shares of the e-commerce giant's stock valued at $34,200,000 after purchasing an additional 3,332 shares during the last quarter. Matauro LLC boosted its position in shares of Amazon.com by 22.7% during the first quarter. Matauro LLC now owns 7,077 shares of the e-commerce giant's stock worth $1,347,000 after buying an additional 1,309 shares during the period. BNC Wealth Management LLC boosted its position in shares of Amazon.com by 32.3% during the first quarter. BNC Wealth Management LLC now owns 122,682 shares of the e-commerce giant's stock worth $23,341,000 after buying an additional 29,978 shares during the period. Goldstone Financial Group LLC boosted its position in shares of Amazon.com by 11.8% during the first quarter. Goldstone Financial Group LLC now owns 16,235 shares of the e-commerce giant's stock worth $3,089,000 after buying an additional 1,720 shares during the period. Finally, New England Research & Management Inc. boosted its position in shares of Amazon.com by 13.5% during the first quarter. New England Research & Management Inc. now owns 22,763 shares of the e-commerce giant's stock worth $4,331,000 after buying an additional 2,699 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $223.30 on Monday. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.34. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business's fifty day moving average is $202.26 and its two-hundred day moving average is $208.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the sale, the chief executive officer now directly owns 517,050 shares in the company, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,037 shares of company stock valued at $20,531,075. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Rosenblatt Securities lifted their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, Benchmark restated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $245.81.

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.

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