Riverbridge Partners LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 32,349 shares of the e-commerce giant’s stock after acquiring an additional 552 shares during the period. Riverbridge Partners LLC’s holdings in Amazon.com were worth $56,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Lincoln Capital LLC boosted its position in Amazon.com by 34.4% during the 4th quarter. Lincoln Capital LLC now owns 4,445 shares of the e-commerce giant’s stock worth $6,676,000 after acquiring an additional 1,138 shares during the period. Segall Bryant & Hamill LLC boosted its position in Amazon.com by 1.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 75,715 shares of the e-commerce giant’s stock worth $113,722,000 after acquiring an additional 913 shares during the period. IHT Wealth Management LLC boosted its position in Amazon.com by 18.5% during the 4th quarter. IHT Wealth Management LLC now owns 4,957 shares of the e-commerce giant’s stock worth $7,445,000 after acquiring an additional 773 shares during the period. Pathlight Investors LLC acquired a new position in Amazon.com during the 4th quarter worth $767,000. Finally, EP Wealth Advisors LLC boosted its position in Amazon.com by 25.0% during the 4th quarter. EP Wealth Advisors LLC now owns 11,897 shares of the e-commerce giant’s stock worth $17,870,000 after acquiring an additional 2,379 shares during the period. Hedge funds and other institutional investors own 55.71% of the company’s stock.
A number of research analysts have issued reports on AMZN shares. Pivotal Research reiterated a “buy” rating and set a $2,615.00 price target (down previously from $2,750.00) on shares of Amazon.com in a research report on Friday, July 26th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, July 29th. Deutsche Bank boosted their price target on Amazon.com from $2,315.00 to $2,515.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $2,600.00 price target (up previously from $2,250.00) on shares of Amazon.com in a research report on Tuesday, September 3rd. Finally, Benchmark reiterated a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-nine have given a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average price target of $2,255.67.
In other Amazon.com news, Director Indra K. Nooyi purchased 100 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were purchased at an average cost of $1,726.06 per share, with a total value of $172,606.00. Following the completion of the transaction, the director now owns 250 shares of the company’s stock, valued at $431,515. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $17,739,900. The disclosure for this sale can be found here. Insiders have sold 22,443 shares of company stock worth $40,205,835 over the last three months. 16.10% of the stock is owned by insiders.
Shares of Amazon.com stock opened at $1,731.92 on Friday. The stock’s fifty day moving average is $1,774.91 and its 200-day moving average is $1,847.16. The firm has a market capitalization of $856.71 billion, a PE ratio of 85.99, a price-to-earnings-growth ratio of 2.19 and a beta of 1.54. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the consensus estimate of $5.29 by ($0.07). The business had revenue of $63.40 billion for the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $5.07 earnings per share. Analysts expect that Amazon.com, Inc. will post 24.01 EPS for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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