RAM Investment Partners LLC Acquires 3,808 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RAM Investment Partners LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,360 shares of the e-commerce giant’s stock after purchasing an additional 3,808 shares during the period. Amazon.com comprises about 1.7% of RAM Investment Partners LLC’s investment portfolio, making the stock its 11th biggest position. RAM Investment Partners LLC’s holdings in Amazon.com were worth $5,867,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $30,000. Clarity Asset Management Inc. bought a new position in Amazon.com during the 4th quarter valued at approximately $46,000. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares in the last quarter. Steph & Co. purchased a new position in Amazon.com during the first quarter valued at $65,000. Finally, Advantage Trust Co bought a new stake in Amazon.com in the fourth quarter worth $68,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $193.88 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a market cap of $2.02 trillion, a PE ratio of 54.31, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50-day simple moving average of $178.57 and a two-hundred day simple moving average of $182.22.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, equities analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. TD Cowen raised their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Truist Financial lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $222.84.

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.