Ramsay Stattman Vela & Price Inc. Buys 4,427 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ramsay Stattman Vela & Price Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,918 shares of the e-commerce giant's stock after buying an additional 4,427 shares during the period. Amazon.com accounts for about 2.7% of Ramsay Stattman Vela & Price Inc.'s investment portfolio, making the stock its 12th biggest position. Ramsay Stattman Vela & Price Inc.'s holdings in Amazon.com were worth $14,064,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Northern Capital Management Inc. boosted its holdings in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the last quarter. Balanced Wealth Group LLC boosted its stake in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after purchasing an additional 48 shares during the last quarter. ETF Store Inc. increased its position in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after buying an additional 48 shares during the period. Talisman Wealth Advisors LLC raised its stake in Amazon.com by 1.2% during the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after buying an additional 53 shares during the last quarter. Finally, SWAN Capital LLC raised its stake in Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock worth $396,000 after buying an additional 55 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN traded down $0.44 during midday trading on Friday, reaching $222.69. The company had a trading volume of 32,911,537 shares, compared to its average volume of 45,060,172. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The business has a 50-day moving average price of $219.27 and a two-hundred day moving average price of $209.03. The stock has a market cap of $2.37 trillion, a PE ratio of 33.95, a P/E/G ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent analyst reports. Cantor Fitzgerald increased their price target on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada raised their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. 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, August 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Oppenheimer dropped their target price on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $262.45.

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.