James Investment Research Inc. Sells 1,159 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

James Investment Research Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,592 shares of the e-commerce giant’s stock after selling 1,159 shares during the quarter. Amazon.com makes up approximately 1.7% of James Investment Research Inc.’s holdings, making the stock its 10th largest holding. James Investment Research Inc.’s holdings in Amazon.com were worth $14,610,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMZN. Lee Financial Co lifted its stake in shares of Amazon.com by 10.4% in the 4th quarter. Lee Financial Co now owns 12,278 shares of the e-commerce giant’s stock valued at $2,694,000 after purchasing an additional 1,155 shares during the period. JNBA Financial Advisors lifted its stake in shares of Amazon.com by 2.9% in the 4th quarter. JNBA Financial Advisors now owns 12,048 shares of the e-commerce giant’s stock valued at $2,643,000 after purchasing an additional 336 shares during the period. VeraBank N.A. lifted its stake in shares of Amazon.com by 1.5% in the 4th quarter. VeraBank N.A. now owns 16,068 shares of the e-commerce giant’s stock valued at $3,525,000 after purchasing an additional 230 shares during the period. Kuhn & Co Investment Counsel lifted its stake in shares of Amazon.com by 0.6% in the 4th quarter. Kuhn & Co Investment Counsel now owns 12,884 shares of the e-commerce giant’s stock valued at $2,827,000 after purchasing an additional 71 shares during the period. Finally, Tcfg Wealth Management LLC lifted its stake in shares of Amazon.com by 0.3% in the 4th quarter. Tcfg Wealth Management LLC now owns 27,949 shares of the e-commerce giant’s stock valued at $6,132,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMZN shares. JMP Securities reissued a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Rosenblatt Securities upped their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group upped their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. TD Cowen upped their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Scotiabank upped their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock valued at $22,871,828 over the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $197.95 on Friday. The company’s 50 day simple moving average is $221.65 and its 200 day simple moving average is $207.50. The stock has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.