Amazon.com, Inc. (NASDAQ:AMZN) is Riverstone Advisors LLC’s 4th Largest Position

Riverstone Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,988 shares of the e-commerce giant’s stock after selling 385 shares during the period. Amazon.com comprises approximately 8.3% of Riverstone Advisors LLC’s portfolio, making the stock its 4th largest position. Riverstone Advisors LLC’s holdings in Amazon.com were worth $16,261,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMZN. International Assets Investment Management LLC boosted its position in Amazon.com by 2.0% during the fourth quarter. International Assets Investment Management LLC now owns 5,382 shares of the e-commerce giant’s stock valued at $17,945,000 after buying an additional 105 shares during the period. Bessemer Group Inc. boosted its position in Amazon.com by 1.5% during the fourth quarter. Bessemer Group Inc. now owns 465,998 shares of the e-commerce giant’s stock valued at $1,553,795,000 after buying an additional 6,957 shares during the period. Fi3 FINANCIAL ADVISORS LLC boosted its position in Amazon.com by 8.0% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 485 shares of the e-commerce giant’s stock valued at $1,617,000 after buying an additional 36 shares during the period. Bordeaux Wealth Advisors LLC boosted its position in Amazon.com by 305.6% during the fourth quarter. Bordeaux Wealth Advisors LLC now owns 649 shares of the e-commerce giant’s stock valued at $2,164,000 after buying an additional 489 shares during the period. Finally, Hartford Financial Management Inc. boosted its position in Amazon.com by 1.4% during the fourth quarter. Hartford Financial Management Inc. now owns 1,007 shares of the e-commerce giant’s stock valued at $3,358,000 after buying an additional 14 shares during the period. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $175.00 price objective on shares of Amazon.com in a research note on Friday, June 17th. Needham & Company LLC lowered their price objective on shares of Amazon.com from $207.50 to $175.00 in a research note on Friday, April 29th. JMP Securities upped their price objective on shares of Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research note on Friday. Oppenheimer lowered their price objective on shares of Amazon.com from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, July 25th. Finally, UBS Group upped their price objective on shares of Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $179.45.

Insiders Place Their Bets

In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the chief executive officer now owns 92,781 shares in the company, valued at $209,870,622. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,803 shares of company stock worth $10,528,337. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 0.3 %

Shares of AMZN stock opened at $135.39 on Tuesday. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $114.69 and its 200 day moving average is $134.71. The stock has a market capitalization of $1.38 trillion, a P/E ratio of 121.37, a P/E/G ratio of 5.15 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 1.12 earnings per share for the current year.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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