RAM Investment Partners LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 53,560 shares of the e-commerce giant's stock after selling 1,847 shares during the period. Amazon.com accounts for approximately 2.5% of RAM Investment Partners LLC's portfolio, making the stock its 9th largest position. RAM Investment Partners LLC's holdings in Amazon.com were worth $10,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $27,266,582,000. GAMMA Investing LLC raised its holdings in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors raised its holdings in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Jeffrey P. Bezos sold 2,442,187 shares of Amazon.com stock in a transaction on Monday, July 14th. The shares were sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the sale, the insider owned 895,279,901 shares of the company's stock, valued at $202,234,776,836.89. The trade was a 0.27% decrease in their position. 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 Amazon.com stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,602,037 shares of company stock worth $3,044,172,641 in the last ninety days. 9.70% of the stock is currently owned by insiders.

NASDAQ:AMZN opened at $223.19 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33. The firm's fifty day simple moving average is $212.21 and its 200 day simple moving average is $208.60. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Several research firms recently issued reports on AMZN. Evercore ISI cut their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a report on Friday, June 27th. Stifel Nicolaus dropped their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Mizuho dropped their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.35.

Check Out Our Latest Research Report on AMZN

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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.

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