Amazon.com, Inc. (NASDAQ:AMZN) is Ratan Capital Management LP's 5th Largest Position

Ratan Capital Management LP grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 35.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,379 shares of the e-commerce giant's stock after buying an additional 55,437 shares during the quarter. Amazon.com accounts for approximately 7.1% of Ratan Capital Management LP's holdings, making the stock its 5th biggest holding. Ratan Capital Management LP's holdings in Amazon.com were worth $46,155,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $27,000. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Benchmark restated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Citizens Jmp reduced their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Oppenheimer reduced their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock worth $20,018,625 over the last three months. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.9%

AMZN traded down $1.77 during trading on Friday, hitting $203.93. The stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,088,816. The company has a market capitalization of $2.16 trillion, a PE ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a 50 day simple moving average of $190.57 and a two-hundred day simple moving average of $208.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.