James Investment Research Inc. Sells 4,237 Shares of Amazon.com, Inc. $AMZN

James Investment Research Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the 4th quarter, HoldingsChannel reports. The fund owned 61,600 shares of the e-commerce giant’s stock after selling 4,237 shares during the period. Amazon.com comprises approximately 1.6% of James Investment Research Inc.’s portfolio, making the stock its 12th biggest holding. James Investment Research Inc.’s holdings in Amazon.com were worth $14,219,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC boosted its stake in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at $27,000. Bridge Generations Wealth Management LLC boosted its stake in shares of Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 233 shares in the last quarter. Cooksen Wealth LLC boosted its stake in shares of Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Amazon.com by 2.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 309,697 shares of the e-commerce giant’s stock valued at $71,000 after purchasing an additional 7,329 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $259.32 on Wednesday. The stock has a market capitalization of $2.79 trillion, a P/E ratio of 31.02, a P/E/G ratio of 1.98 and a beta of 1.46. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $236.31 and a two-hundred day moving average price of $231.15.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 EPS. Equities analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. TD Securities upgraded shares of Amazon.com to a “buy” rating in a research note on Monday, April 13th. President Capital reduced their target price on shares of Amazon.com from $320.00 to $296.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. TD Cowen reaffirmed a “buy” rating and issued a $350.00 price target on shares of Amazon.com in a report on Tuesday, May 12th. Rosenblatt Securities lifted their price target on Amazon.com from $296.00 to $332.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Mizuho lifted their price target on Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $312.67.

Read Our Latest Report on Amazon.com

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 11,475 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $262.66, for a total transaction of $3,014,023.50. Following the completion of the sale, the chief executive officer directly owned 11,430 shares of the company’s stock, valued at approximately $3,002,203.80. The trade was a 50.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 3,742 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $262.59, for a total value of $982,611.78. Following the sale, the chief executive officer directly owned 476,972 shares of the company’s stock, valued at $125,248,077.48. This represents a 0.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 201,026 shares of company stock valued at $49,128,874. 8.90% of the stock is owned by company insiders.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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