Amazon.com, Inc. (NASDAQ:AMZN) is Riverview Capital Advisers LLC’s 3rd Largest Position

Riverview Capital Advisers LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,088 shares of the e-commerce giant’s stock after selling 2,636 shares during the quarter. Amazon.com makes up about 6.5% of Riverview Capital Advisers LLC’s portfolio, making the stock its 3rd biggest holding. Riverview Capital Advisers LLC’s holdings in Amazon.com were worth $19,342,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Steph & Co. acquired a new stake in Amazon.com during the 1st quarter worth $65,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the 1st quarter worth $69,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com during the 2nd quarter worth $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. UBS Group lifted their target price on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. Stifel Nicolaus decreased their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 0.8 %

NASDAQ:AMZN opened at $188.99 on Friday. The stock has a fifty day moving average price of $181.98 and a two-hundred day moving average price of $183.42. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.94, a PEG ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share 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.