Tri Ri Asset Management Corp Buys Shares of 52,706 Amazon.com, Inc. (NASDAQ:AMZN)

Tri Ri Asset Management Corp bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 52,706 shares of the e-commerce giant’s stock, valued at approximately $9,821,000. Amazon.com accounts for about 5.0% of Tri Ri Asset Management Corp’s investment portfolio, making the stock its 6th largest position.

Other large investors also recently modified their holdings of the company. Semus Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares during the period. Bell Investment Advisors Inc boosted its holdings in Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares during the last quarter. O Connor Financial Group LLC grew its stake in shares of Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after buying an additional 55 shares during the period. Cherrydale Wealth Management LLC increased its holdings in shares of Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after buying an additional 55 shares during the last quarter. Finally, Cedar Point Capital Partners LLC increased its holdings in shares of Amazon.com by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % 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 link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were 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 owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $225.94 on Friday. The stock has a market cap of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00. The stock has a 50 day moving average of $217.56 and a two-hundred day moving average of $196.10. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Morgan Stanley increased their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Jefferies Financial Group upped their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. TD Cowen lifted their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised their target price on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $245.65.

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.