RAM Investment Partners LLC Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

RAM Investment Partners LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,560 shares of the e-commerce giant's stock after selling 1,847 shares during the period. Amazon.com makes up approximately 2.5% of RAM Investment Partners LLC's investment portfolio, making the stock its 9th biggest position. RAM Investment Partners LLC's holdings in Amazon.com were worth $10,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC raised its stake in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,442,187 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $225.89, for a total value of $551,665,621.43. Following the completion of the sale, the insider directly owned 895,279,901 shares in the company, valued at approximately $202,234,776,836.89. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,602,037 shares of company stock valued at $3,044,172,641 over the last 90 days. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Barclays cut their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group lifted their price objective on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday. DA Davidson cut their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank Of Canada cut their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $250.35.

Amazon.com Stock Up 0.3%

AMZN traded up $0.69 during midday trading on Thursday, hitting $223.88. 31,769,801 shares of the company's stock traded hands, compared to its average volume of 42,044,088. The company has a market cap of $2.38 trillion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The stock's fifty day simple moving average is $212.21 and its 200-day simple moving average is $208.60. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.