RiverFront Investment Group LLC Has $30.56 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

RiverFront Investment Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,157 shares of the e-commerce giant’s stock after purchasing an additional 15,900 shares during the period. RiverFront Investment Group LLC’s holdings in Amazon.com were worth $30,564,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AMZN. DGS Capital Management LLC increased its stake in shares of Amazon.com by 39.0% during the 1st quarter. DGS Capital Management LLC now owns 22,816 shares of the e-commerce giant’s stock worth $4,116,000 after purchasing an additional 6,401 shares during the last quarter. Affiance Financial LLC increased its position in Amazon.com by 4.3% during the first quarter. Affiance Financial LLC now owns 10,690 shares of the e-commerce giant’s stock worth $1,928,000 after buying an additional 436 shares during the last quarter. S.A. Mason LLC raised its holdings in Amazon.com by 11.5% during the first quarter. S.A. Mason LLC now owns 3,219 shares of the e-commerce giant’s stock valued at $581,000 after buying an additional 332 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Amazon.com by 35.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 84,407 shares of the e-commerce giant’s stock worth $15,225,000 after buying an additional 21,998 shares during the last quarter. Finally, WealthCare Investment Partners LLC increased its holdings in shares of Amazon.com by 11.8% during the 1st quarter. WealthCare Investment Partners LLC now owns 3,472 shares of the e-commerce giant’s stock valued at $626,000 after acquiring an additional 366 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.3 %

NASDAQ AMZN opened at $190.83 on Wednesday. The stock’s 50 day simple moving average is $183.94 and its 200 day simple moving average is $183.57. Amazon.com, Inc. has a one year low of $128.56 and a one year high of $201.20. The firm has a market cap of $1.99 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Jefferies Financial Group reduced their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Roth Mkm upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Bank of America decreased their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Barclays lifted their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $236.76.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is currently owned by corporate insiders.

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.