Frank Rimerman Advisors LLC Has $32.47 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Frank Rimerman Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,692.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,004 shares of the e-commerce giant’s stock after acquiring an additional 158,633 shares during the period. Amazon.com comprises about 2.3% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 10th largest position. Frank Rimerman Advisors LLC’s holdings in Amazon.com were worth $32,467,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Buckingham Capital Management Inc. boosted its position in Amazon.com by 2.4% during the 1st quarter. Buckingham Capital Management Inc. now owns 107,144 shares of the e-commerce giant’s stock valued at $19,327,000 after acquiring an additional 2,521 shares in the last quarter. Triangle Securities Wealth Management lifted its stake in shares of Amazon.com by 1.9% during the 1st quarter. Triangle Securities Wealth Management now owns 18,173 shares of the e-commerce giant’s stock worth $3,278,000 after purchasing an additional 346 shares during the last quarter. CVA Family Office LLC boosted its position in Amazon.com by 0.8% during the first quarter. CVA Family Office LLC now owns 20,572 shares of the e-commerce giant’s stock valued at $3,711,000 after purchasing an additional 164 shares in the last quarter. Johnson & White Wealth Management LLC grew its stake in Amazon.com by 11.0% in the first quarter. Johnson & White Wealth Management LLC now owns 7,337 shares of the e-commerce giant’s stock valued at $1,323,000 after purchasing an additional 728 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in Amazon.com by 1.1% in the first quarter. Daymark Wealth Partners LLC now owns 249,299 shares of the e-commerce giant’s stock worth $44,969,000 after purchasing an additional 2,694 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. 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 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 0.0 %

NASDAQ:AMZN opened at $189.07 on Tuesday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The stock’s fifty day moving average is $182.43 and its two-hundred day moving average is $183.50. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Jefferies Financial Group decreased their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Finally, The Goldman Sachs Group reduced their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

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.