Means Investment CO. Inc. Has $37.30 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Means Investment CO. Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,061 shares of the e-commerce giant's stock after selling 42,146 shares during the quarter. Amazon.com accounts for approximately 4.0% of Means Investment CO. Inc.'s holdings, making the stock its 6th largest position. Means Investment CO. Inc.'s holdings in Amazon.com were worth $37,303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds 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 $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during 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 in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com during the 4th quarter valued at about $51,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.1%

Shares of AMZN traded down $0.28 during trading hours on Thursday, reaching $222.26. The stock had a trading volume of 30,243,964 shares, compared to its average volume of 42,065,232. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a 50-day moving average of $209.20 and a 200 day moving average of $208.66. The company has a market cap of $2.36 trillion, a P/E ratio of 36.20, a P/E/G ratio of 1.67 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm posted $0.98 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 3,100,000 shares of Amazon.com stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the transaction, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. Corporate insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on AMZN. Rosenblatt Securities boosted their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Barclays decreased their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI reduced their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $248.24.

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.