Ramsay Stattman Vela & Price Inc. Buys 1,602 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ramsay Stattman Vela & Price Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,945 shares of the e-commerce giant’s stock after purchasing an additional 1,602 shares during the period. Amazon.com accounts for 2.4% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 14th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Amazon.com were worth $12,847,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter valued at $45,000. Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% in the second 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 during the period. Finally, Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Rosenblatt Securities upped their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Benchmark upped their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Bank of America boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock worth $1,252,883,795 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $218.16 on Thursday. Amazon.com, Inc. has a 1 year low of $143.13 and a 1 year high of $220.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market capitalization of $2.29 trillion, a PE ratio of 46.72, a P/E/G ratio of 1.41 and a beta of 1.16. The company’s 50 day simple moving average is $196.02 and its two-hundred day simple moving average is $187.55.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal 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.