Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by RiverPark Advisors LLC

RiverPark Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,453 shares of the e-commerce giant’s stock after purchasing an additional 486 shares during the period. Amazon.com comprises 3.4% of RiverPark Advisors LLC’s investment portfolio, making the stock its 5th biggest position. RiverPark Advisors LLC’s holdings in Amazon.com were worth $4,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Ceera Investments LLC raised its holdings in shares of Amazon.com by 2.0% in the 3rd quarter. Ceera Investments LLC now owns 7,180 shares of the e-commerce giant’s stock valued at $1,338,000 after buying an additional 140 shares during the period. Obsidian Personal Planning Solutions LLC raised its stake in Amazon.com by 2.0% in the third quarter. Obsidian Personal Planning Solutions LLC now owns 4,861 shares of the e-commerce giant’s stock valued at $906,000 after buying an additional 97 shares in the last quarter. Concord Asset Management LLC VA lifted its stake in Amazon.com by 11.9% during the third quarter. Concord Asset Management LLC VA now owns 37,170 shares of the e-commerce giant’s stock worth $6,926,000 after purchasing an additional 3,954 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Amazon.com during the third quarter worth about $85,000. Finally, Tower Bridge Advisors increased its stake in Amazon.com by 3.8% in the third quarter. Tower Bridge Advisors now owns 41,417 shares of the e-commerce giant’s stock valued at $7,717,000 after purchasing an additional 1,534 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.5 %

Shares of Amazon.com stock opened at $223.75 on Friday. 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 company has a market cap of $2.35 trillion, a P/E ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The firm has a fifty day moving average of $209.73 and a two-hundred day moving average of $192.81.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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 business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. On average, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, 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 directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMZN shares. UBS Group increased their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Finally, DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

About Amazon.com

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.