RPG Investment Advisory LLC Buys 2,745 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RPG Investment Advisory LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,991 shares of the e-commerce giant’s stock after purchasing an additional 2,745 shares during the period. Amazon.com makes up approximately 2.7% of RPG Investment Advisory LLC’s holdings, making the stock its 8th biggest position. RPG Investment Advisory LLC’s holdings in Amazon.com were worth $18,818,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cornerstone Wealth Advisors Inc. raised its position in Amazon.com by 14.7% during the second quarter. Cornerstone Wealth Advisors Inc. now owns 1,534 shares of the e-commerce giant’s stock valued at $296,000 after acquiring an additional 197 shares in the last quarter. Sitrin Capital Management LLC grew its stake in Amazon.com by 0.4% during the second quarter. Sitrin Capital Management LLC now owns 34,128 shares of the e-commerce giant’s stock worth $6,595,000 after buying an additional 134 shares during the last quarter. Muirfield Wealth Advisors LLC boosted its stake in Amazon.com by 8.4% in the second quarter. Muirfield Wealth Advisors LLC now owns 3,829 shares of the e-commerce giant’s stock worth $740,000 after purchasing an additional 297 shares in the last quarter. Inspirion Wealth Advisors LLC raised its stake in shares of Amazon.com by 0.8% in the second quarter. Inspirion Wealth Advisors LLC now owns 10,306 shares of the e-commerce giant’s stock worth $1,992,000 after acquiring an additional 82 shares during the last quarter. Finally, Capital CS Group LLC raised its position in shares of Amazon.com by 106.6% during the second quarter. Capital CS Group LLC now owns 3,890 shares of the e-commerce giant’s stock worth $752,000 after acquiring an additional 62,862 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Bank of America lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research note on Wednesday, November 20th. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Loop Capital boosted their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Price Performance

Amazon.com stock opened at $225.06 on Tuesday. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.37 trillion, a PE ratio of 48.19, a P/E/G ratio of 1.54 and a beta of 1.16. The stock has a 50-day moving average price of $205.83 and a two-hundred day moving average price of $191.46.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during 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 company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.