Ramirez Asset Management Inc. Sells 400 Shares of Amazon.com, Inc. $AMZN

Ramirez Asset Management Inc. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,795 shares of the e-commerce giant’s stock after selling 400 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Amazon.com were worth $4,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after acquiring an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its position in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $2,153,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the sale, the chief executive officer directly owned 515,507 shares in the company, valued at $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 97,911 shares of company stock worth $21,765,202. Insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMZN shares. Scotiabank raised their price target on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. HSBC raised their target price on shares of Amazon.com from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Canaccord Genuity Group reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Mizuho set a $300.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, DA Davidson raised their target price on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $268.54.

Amazon.com Stock Up 0.5%

AMZN opened at $230.30 on Thursday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm’s 50 day simple moving average is $225.17 and its two-hundred day simple moving average is $215.34. The company has a market capitalization of $2.46 trillion, a PE ratio of 35.11, a PEG ratio of 1.51 and a beta of 1.28. 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) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.