Ramirez Asset Management Inc. Acquires 1,255 Shares of Amazon.com, Inc. $AMZN

Ramirez Asset Management Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% 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 20,195 shares of the e-commerce giant's stock after acquiring an additional 1,255 shares during the period. Ramirez Asset Management Inc.'s holdings in Amazon.com were worth $3,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Physicians Financial Services Inc. grew its stake in Amazon.com by 9.7% in the 1st quarter. Physicians Financial Services Inc. now owns 101,436 shares of the e-commerce giant's stock worth $19,299,000 after buying an additional 8,971 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Amazon.com by 5.9% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 74,535 shares of the e-commerce giant's stock valued at $14,181,000 after buying an additional 4,175 shares during the last quarter. Patten & Patten Inc. TN raised its holdings in Amazon.com by 6.3% during the 1st quarter. Patten & Patten Inc. TN now owns 41,742 shares of the e-commerce giant's stock valued at $7,942,000 after buying an additional 2,457 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in Amazon.com by 39.5% during the 1st quarter. Evermay Wealth Management LLC now owns 61,108 shares of the e-commerce giant's stock valued at $11,626,000 after buying an additional 17,309 shares during the last quarter. Finally, Financial Management Network Inc. raised its holdings in Amazon.com by 0.8% in the 1st quarter. Financial Management Network Inc. now owns 27,641 shares of the e-commerce giant's stock worth $4,844,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $231.60 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.30, a PEG ratio of 1.54 and a beta of 1.31. The company's 50 day moving average is $223.86 and its two-hundred day moving average is $208.12. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the business earned $1.26 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares of the company's stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,675,986,299 in the last 90 days. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Rosenblatt Securities upped their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. HSBC raised their price target on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Royal Bank Of Canada raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $262.87.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.