Amazon.com, Inc. (NASDAQ:AMZN) shares acquired by RAM Investment Partners LLC

RAM Investment Partners LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The firm now owns 26,552 shares of the e-commerce giant after acquiring an additional 3,254 shares during the quarter. Amazon.com makes up 1.5% of RAM Investment Partners LLC’s investment portfolio, making it the 11th-largest stock. RAM Investment Partners LLC’s stake in Amazon.com was worth $4,789,000, according to its latest filing with the Securities and Exchange Commission.

Several other hedge funds also recently added or decreased their holdings in AMZN. Private Capital Advisors Inc. increased its stake in Amazon.com shares by 35.7% in the first quarter. Private Capital Advisors Inc. now owns 67,420 shares of the e-commerce giant worth $12,161,000 after purchasing an additional 17,734 shares in the last quarter. First National Bank & Trust Co. of Newtown increased its stake in Amazon.com by 1.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 5,161 shares of the e-commerce giant worth $931,000 after purchasing an additional 71 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its stake in Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Marks Group Wealth Management Inc. increased its stake in Amazon.com by 3.6% in the first quarter. Marks Group Wealth Management Inc. now owns 34,749 shares of the e-commerce giant’s stock worth $6,268,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its stake in Amazon.com by 1.5% in the first quarter. Newman Dignan & Sheerar Inc. now owns 25,501 shares of the e-commerce giant’s stock worth $4,600,000 after purchasing an additional 378 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com shares up 1.2%

NASDAQ AMZN stock opened at $200.00 on Monday. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $200.55. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a PEG ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07. The stock’s 50-day simple moving average is $185.99 and its 200-day simple moving average is $174.94.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% ​​compared to the same quarter last year. Equity analysts predict that Amazon.com, Inc. will report earnings per share of $4.72 for the current fiscal year.

Internal Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in documents filed with the SEC, which can be accessed through this link In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in documents filed with the SEC, which can be accessed through this link . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the CEO now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. Disclosure of this sale can be found here. Insiders have sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 during the last three months. Insiders own 10.80% of the stock.

Wall Street analysts assess

Several equities analysts have recently commented on the company. Oppenheimer raised their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Bank of America raised their price target on Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, June 26. Evercore ISI raised their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1. Finally, Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6. One analyst rated the stock a “hold,” forty-three rated it a “buy,” and one gave the company a “strong buy” rating. According to data from MarketBeat, Amazon.com currently has a consensus rating of “buy” and an average price target of $215.86.

Read our latest research report on AMZN

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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