James Investment Research Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

James Investment Research Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,872 shares of the e-commerce giant's stock after purchasing an additional 1,280 shares during the period. Amazon.com accounts for about 1.6% of James Investment Research Inc.'s investment portfolio, making the stock its 10th largest holding. James Investment Research Inc.'s holdings in Amazon.com were worth $12,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought 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 approximately $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth approximately $40,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. Scotiabank upped their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. HSBC upped their price target on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $262.45.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $224.66 on Thursday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.40 trillion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The firm has a 50-day moving average price of $220.60 and a 200 day moving average price of $208.72.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last three months. Corporate 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.

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