River Global Investors LLP Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

River Global Investors LLP lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,395 shares of the e-commerce giant’s stock after acquiring an additional 2,491 shares during the period. Amazon.com accounts for 3.5% of River Global Investors LLP’s portfolio, making the stock its 5th largest position. River Global Investors LLP’s holdings in Amazon.com were worth $16,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AMZN. Gunderson Capital Management Inc. lifted its holdings in shares of Amazon.com by 7.6% during the 2nd quarter. Gunderson Capital Management Inc. now owns 47,090 shares of the e-commerce giant’s stock valued at $9,100,000 after purchasing an additional 3,310 shares during the last quarter. VanderPol Investments L.L.C. lifted its holdings in shares of Amazon.com by 6.1% during the second quarter. VanderPol Investments L.L.C. now owns 2,502 shares of the e-commerce giant’s stock worth $484,000 after purchasing an additional 143 shares during the period. jvl associates llc raised its position in Amazon.com by 64.0% during the 2nd quarter. jvl associates llc now owns 5,253 shares of the e-commerce giant’s stock worth $1,015,000 after buying an additional 2,050 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in Amazon.com by 3.3% during the 2nd quarter. Global Trust Asset Management LLC now owns 15,742 shares of the e-commerce giant’s stock valued at $3,042,000 after acquiring an additional 502 shares during the period. Finally, Cadent Capital Advisors LLC boosted its holdings in shares of Amazon.com by 13.2% in the 2nd quarter. Cadent Capital Advisors LLC now owns 2,047 shares of the e-commerce giant’s stock valued at $396,000 after acquiring an additional 239 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Maxim Group boosted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group raised their target price on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Susquehanna boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Roth Mkm raised their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Trading Up 0.7 %

Shares of Amazon.com stock opened at $224.92 on Friday. The stock has a 50 day moving average of $205.83 and a 200 day moving average of $191.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00.

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

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.