Riversedge Advisors LLC Acquires 262 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Riversedge Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,170 shares of the e-commerce giant’s stock after buying an additional 262 shares during the period. Riversedge Advisors LLC’s holdings in Amazon.com were worth $1,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Garrison Point Advisors LLC boosted its position in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 55 shares during the period. Meridian Investment Counsel Inc. raised its position in Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after acquiring an additional 56 shares in the last quarter. Stordahl Capital Management Inc. boosted its position in Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC grew its stake in shares of Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Barclays increased their target price on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. UBS Group upped their price target 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. TD Securities increased their price target on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Finally, The Goldman Sachs Group reduced their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $222.84.

Amazon.com Stock Up 0.9 %

AMZN stock opened at $191.60 on Friday. The company has a market cap of $1.99 trillion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 1.39 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, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The business has a 50-day simple moving average of $178.54 and a 200 day simple moving average of $181.98.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

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.