RiverPoint Capital Management LLC Grows Holdings in Amazon.com, Inc. (AMZN)

RiverPoint Capital Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,015 shares of the e-commerce giant’s stock after purchasing an additional 318 shares during the quarter. RiverPoint Capital Management LLC’s holdings in Amazon.com were worth $14,535,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board grew its stake in shares of Amazon.com by 401.7% during the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock valued at $140,100,000 after acquiring an additional 126,534 shares in the last quarter. Horseman Capital Management Ltd grew its stake in shares of Amazon.com by 54.0% during the first quarter. Horseman Capital Management Ltd now owns 11,550 shares of the e-commerce giant’s stock valued at $10,240,000 after acquiring an additional 4,050 shares in the last quarter. Cadence Bank NA grew its stake in shares of Amazon.com by 0.8% during the first quarter. Cadence Bank NA now owns 658 shares of the e-commerce giant’s stock valued at $584,000 after acquiring an additional 5 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Amazon.com by 29.6% during the first quarter. Brookstone Capital Management now owns 434 shares of the e-commerce giant’s stock valued at $385,000 after acquiring an additional 99 shares in the last quarter. Finally, Markel Corp grew its stake in shares of Amazon.com by 28.3% during the first quarter. Markel Corp now owns 59,000 shares of the e-commerce giant’s stock valued at $52,306,000 after acquiring an additional 13,000 shares in the last quarter. 60.54% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on AMZN. Loop Capital set a $1,300.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Monday. TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Vetr downgraded Amazon.com from a “buy” rating to a “hold” rating and set a $1,079.96 price target for the company. in a research note on Monday, October 30th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $1,142.08.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,136.84 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The firm has a market cap of $544,115.63, a PE ratio of 286.59, a price-to-earnings-growth ratio of 14.08 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $725.99 and a 52 week high of $1,139.90.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. Amazon.com’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. sell-side analysts predict that Amazon.com, Inc. will post 4.26 EPS for the current fiscal year.

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In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the sale, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the sale, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold 395,770 shares of company stock worth $436,339,290 over the last ninety days. Insiders own 17.00% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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