AMI Investment Management Inc. Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

AMI Investment Management Inc. cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,187 shares of the e-commerce giant’s stock after selling 102 shares during the quarter. Amazon.com accounts for 1.4% of AMI Investment Management Inc.’s portfolio, making the stock its 23rd largest position. AMI Investment Management Inc.’s holdings in Amazon.com were worth $3,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cooksen Wealth LLC bought a new position in Amazon.com during the 4th quarter valued at $30,000. Clarity Asset Management Inc. bought a new position in Amazon.com during the 4th quarter valued at $46,000. Steph & Co. bought a new position in Amazon.com during the 1st quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com during the 1st quarter valued at $69,000. Finally, Advantage Trust Co bought a new position in Amazon.com during the 4th quarter valued at $68,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMZN. Barclays increased their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Securities increased their target price on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Wells Fargo & Company dropped their target price on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Robert W. Baird increased their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Finally, TD Cowen increased their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $222.49.

Amazon.com Stock Performance

Shares of AMZN opened at $184.89 on Tuesday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a 50-day moving average of $179.22 and a two-hundred day moving average of $181.74. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.79, a PEG ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, equities research analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by company insiders.

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.