Riverwater Partners LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Riverwater Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,483 shares of the e-commerce giant’s stock after acquiring an additional 456 shares during the period. Riverwater Partners LLC’s holdings in Amazon.com were worth $644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tanager Wealth Management LLP raised its position in shares of Amazon.com by 1.2% in the 3rd quarter. Tanager Wealth Management LLP now owns 20,836 shares of the e-commerce giant’s stock valued at $3,882,000 after purchasing an additional 237 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares in the last quarter. Axecap Investments LLC bought a new position in Amazon.com during the 3rd quarter valued at $958,000. McAdam LLC boosted its stake in Amazon.com by 7.6% during the 3rd quarter. McAdam LLC now owns 25,455 shares of the e-commerce giant’s stock valued at $4,743,000 after acquiring an additional 1,802 shares during the last quarter. Finally, Fulcrum Capital LLC grew its holdings in Amazon.com by 10.7% during the 3rd quarter. Fulcrum Capital LLC now owns 100,157 shares of the e-commerce giant’s stock worth $18,662,000 after acquiring an additional 9,677 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $207.86 on Wednesday. The company has a 50 day moving average price of $193.75 and a two-hundred day moving average price of $186.52. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90. The stock has a market capitalization of $2.19 trillion, a PE ratio of 44.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen raised their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

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.