Ring Mountain Capital LLC Invests $7.55 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Ring Mountain Capital LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 34,395 shares of the e-commerce giant's stock, valued at approximately $7,546,000. Amazon.com comprises about 5.1% of Ring Mountain Capital LLC's investment portfolio, making the stock its 6th biggest holding.

A number of other hedge funds also recently made changes to their positions in AMZN. Cable Hill Partners LLC lifted its position in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the last quarter. Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management boosted its stake in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares in the last quarter. MBM Wealth Consultants LLC grew its holdings in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after purchasing an additional 48 shares during the last quarter. Finally, Semus Wealth Partners LLC raised its position in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock worth $3,339,000 after purchasing an additional 49 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Down 4.2 %

AMZN stock traded down $7.41 during midday trading on Friday, hitting $171.00. The company's stock had a trading volume of 122,919,361 shares, compared to its average volume of 40,641,072. The firm's 50-day moving average is $212.18 and its 200-day moving average is $208.91. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $1.81 trillion, a PE ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. JMP Securities set a $285.00 price target on shares of Amazon.com in a research report on Thursday, March 27th. Citigroup restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Mizuho boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. The Goldman Sachs Group raised their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, DA Davidson upped their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.53.

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.