Riverbridge Partners LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,973 shares of the e-commerce giant’s stock after purchasing an additional 1,204 shares during the period. Amazon.com accounts for approximately 1.5% of Riverbridge Partners LLC’s holdings, making the stock its 27th largest position. Riverbridge Partners LLC’s holdings in Amazon.com were worth $93,725,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the stock. Covington Capital Management boosted its holdings in shares of Amazon.com by 1.7% during the fourth quarter. Covington Capital Management now owns 20,187 shares of the e-commerce giant’s stock worth $37,302,000 after acquiring an additional 335 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of Amazon.com by 87.0% during the first quarter. Boston Trust Walden Corp now owns 1,997 shares of the e-commerce giant’s stock worth $3,894,000 after acquiring an additional 929 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Amazon.com by 7.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 68,348 shares of the e-commerce giant’s stock worth $133,260,000 after acquiring an additional 4,521 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Amazon.com by 7.3% during the fourth quarter. Alliancebernstein L.P. now owns 957,813 shares of the e-commerce giant’s stock worth $1,769,885,000 after acquiring an additional 65,232 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of Amazon.com by 6.6% during the first quarter. IHT Wealth Management LLC now owns 6,500 shares of the e-commerce giant’s stock worth $12,673,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 64.65% of the company’s stock.
A number of equities research analysts have recently issued reports on AMZN shares. Oppenheimer boosted their price objective on Amazon.com from $2,400.00 to $2,700.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. Guggenheim lifted their price target on shares of Amazon.com from $2,250.00 to $2,700.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Credit Suisse Group dropped their price target on shares of Amazon.com from $2,800.00 to $2,760.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Telsey Advisory Group lifted their price target on shares of Amazon.com from $2,350.00 to $2,800.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Wedbush boosted their target price on shares of Amazon.com from $2,750.00 to $3,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and an average target price of $2,693.66.
In related news, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the completion of the transaction, the chief executive officer now directly owns 93,105 shares of the company’s stock, valued at approximately $210,091,432.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Indra K. Nooyi acquired 27 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the completion of the acquisition, the director now owns 707 shares in the company, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. Insiders have sold a total of 9,497 shares of company stock valued at $21,605,827 over the last three months. Insiders own 16.10% of the company’s stock.
NASDAQ:AMZN traded up $55.20 on Wednesday, hitting $3,055.32. The stock had a trading volume of 2,912,796 shares, compared to its average volume of 4,465,133. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. The stock has a market cap of $1,504.84 billion, a P/E ratio of 145.88, a price-to-earnings-growth ratio of 6.25 and a beta of 1.32. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,069.55. The firm’s fifty day simple moving average is $2,598.30 and its two-hundred day simple moving average is $2,168.47.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 30th. The e-commerce giant reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.36 by ($1.35). Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. The company had revenue of $75.45 billion for the quarter, compared to the consensus estimate of $74.15 billion. During the same period in the prior year, the company earned $7.09 earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 19.99 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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