Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by AMI Investment Management Inc.

AMI Investment Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,264 shares of the e-commerce giant’s stock after purchasing an additional 964 shares during the quarter. Amazon.com accounts for about 1.5% of AMI Investment Management Inc.’s investment portfolio, making the stock its 18th largest holding. AMI Investment Management Inc.’s holdings in Amazon.com were worth $4,665,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Strong Tower Advisory Services lifted its position in shares of Amazon.com by 0.8% in the 4th quarter. Strong Tower Advisory Services now owns 60,172 shares of the e-commerce giant’s stock worth $13,201,000 after buying an additional 455 shares during the last quarter. Wealth Management Partners LLC grew its position in shares of Amazon.com by 9.4% during the 4th quarter. Wealth Management Partners LLC now owns 32,726 shares of the e-commerce giant’s stock valued at $7,180,000 after buying an additional 2,806 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $1,474,000. Willner & Heller LLC lifted its holdings in Amazon.com by 2.1% in the fourth quarter. Willner & Heller LLC now owns 13,403 shares of the e-commerce giant’s stock worth $2,940,000 after acquiring an additional 282 shares during the last quarter. Finally, Trueblood Wealth Management LLC grew its holdings in shares of Amazon.com by 37.2% during the fourth quarter. Trueblood Wealth Management LLC now owns 7,983 shares of the e-commerce giant’s stock valued at $1,751,000 after purchasing an additional 2,166 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a report on Friday, January 31st. TD Cowen boosted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Tigress Financial boosted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Jefferies Financial Group raised their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $252.56.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,027,340 shares of company stock worth $1,252,456,773. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $242.06 on Wednesday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.55 trillion, a PE ratio of 51.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The business has a fifty day simple moving average of $224.55 and a 200-day simple moving average of $199.36.

Amazon.com Company 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.