Amazon.com, Inc. (NASDAQ:AMZN) is Means Investment CO. Inc.'s 6th Largest Position

Means Investment CO. Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,061 shares of the e-commerce giant's stock after selling 42,146 shares during the period. Amazon.com comprises about 4.0% of Means Investment CO. Inc.'s holdings, making the stock its 6th largest holding. Means Investment CO. Inc.'s holdings in Amazon.com were worth $37,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com during the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% during the 4th 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 during the last quarter. Finally, Compass Planning Associates Inc bought a new position in Amazon.com during the 4th quarter valued at approximately $51,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $2.76 during midday trading on Friday, hitting $225.02. 50,481,094 shares of the stock traded hands, compared to its average volume of 42,098,837. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. 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 firm has a 50-day moving average of $209.20 and a two-hundred day moving average of $208.66. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 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 business earned $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMZN shares. DA Davidson lowered their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Raymond James Financial reiterated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Piper Sandler upped their target price on Amazon.com from $212.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday. Royal Bank Of Canada reduced their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Benchmark reiterated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $249.42.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock valued at $1,531,840,610 in the last ninety days. 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.