Farmers & Merchants Investments Inc. Purchases 5,327 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Farmers & Merchants Investments Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,261 shares of the e-commerce giant’s stock after buying an additional 5,327 shares during the period. Amazon.com makes up 0.8% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 29th biggest position. Farmers & Merchants Investments Inc.’s holdings in Amazon.com were worth $23,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortis Capital Advisors LLC increased its stake in Amazon.com by 31.9% during the 4th quarter. Fortis Capital Advisors LLC now owns 30,143 shares of the e-commerce giant’s stock worth $4,580,000 after acquiring an additional 7,298 shares during the period. Insight Holdings Group LLC grew its holdings in shares of Amazon.com by 14.0% during the 4th quarter. Insight Holdings Group LLC now owns 369,400 shares of the e-commerce giant’s stock worth $56,127,000 after purchasing an additional 45,400 shares in the last quarter. Act Two Investors LLC increased its position in shares of Amazon.com by 1.1% in the fourth quarter. Act Two Investors LLC now owns 191,958 shares of the e-commerce giant’s stock worth $29,166,000 after purchasing an additional 2,156 shares during the period. Cape Investment Advisory Inc. raised its stake in Amazon.com by 14.3% in the fourth quarter. Cape Investment Advisory Inc. now owns 23,185 shares of the e-commerce giant’s stock valued at $3,523,000 after purchasing an additional 2,907 shares in the last quarter. Finally, DSM Capital Partners LLC lifted its position in Amazon.com by 13.2% during the fourth quarter. DSM Capital Partners LLC now owns 3,795,536 shares of the e-commerce giant’s stock worth $576,694,000 after purchasing an additional 441,537 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,549,744 shares of company stock valued at $309,400,324 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 2.5 %

Shares of NASDAQ:AMZN opened at $186.51 on Friday. The business’s 50-day moving average is $179.17 and its 200-day moving average is $182.95. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.24, a P/E/G ratio of 1.46 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 issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on AMZN shares. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 target price on shares of Amazon.com in a report on Thursday, September 19th. Wolfe Research assumed coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. Sanford C. Bernstein upped their target price on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Evercore ISI lifted their price target on Amazon.com from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, The Goldman Sachs Group lowered their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $223.65.

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.