Ridgewood Investments LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Ridgewood Investments LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 10,575 shares of the e-commerce giant’s stock after selling 220 shares during the quarter. Amazon.com comprises about 1.0% of Ridgewood Investments LLC’s holdings, making the stock its 18th biggest position. Ridgewood Investments LLC’s holdings in Amazon.com were worth $1,908,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after acquiring an additional 13,134,632 shares during the last quarter. FMR LLC boosted its position in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter valued at about $17,700,551,000. Northern Trust Corp boosted its position in shares of Amazon.com by 3.7% during the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Amazon.com by 2.5% during the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after acquiring an additional 1,389,503 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Oppenheimer boosted their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. BMO Capital Markets boosted their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. UBS Group boosted their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15th. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $215.37.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the transaction, the chief executive officer now directly owns 2,025,358 shares in the company, valued at $367,480,955.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,338 shares of company stock worth $11,894,344. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.6 %

AMZN stock opened at $189.08 on Friday. The company’s 50 day moving average price is $182.78 and its 200 day moving average price is $171.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The firm has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

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.