Retirement Solution Inc. Acquires 118 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Retirement Solution Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 34.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 458 shares of the e-commerce giant’s stock after acquiring an additional 118 shares during the quarter. Amazon.com comprises approximately 0.7% of Retirement Solution Inc.’s portfolio, making the stock its 12th biggest holding. Retirement Solution Inc.’s holdings in Amazon.com were worth $1,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lipe & Dalton raised its stake in shares of Amazon.com by 4.0% during the fourth quarter. Lipe & Dalton now owns 104 shares of the e-commerce giant’s stock valued at $347,000 after acquiring an additional 4 shares during the last quarter. Mokosak Advisory Group LLC raised its stake in shares of Amazon.com by 5.8% during the fourth quarter. Mokosak Advisory Group LLC now owns 73 shares of the e-commerce giant’s stock valued at $244,000 after acquiring an additional 4 shares during the last quarter. Palisades Hudson Asset Management L.P. raised its stake in shares of Amazon.com by 0.6% during the fourth quarter. Palisades Hudson Asset Management L.P. now owns 673 shares of the e-commerce giant’s stock valued at $2,244,000 after acquiring an additional 4 shares during the last quarter. BHK Investment Advisors LLC raised its stake in shares of Amazon.com by 1.1% during the fourth quarter. BHK Investment Advisors LLC now owns 375 shares of the e-commerce giant’s stock valued at $1,250,000 after acquiring an additional 4 shares during the last quarter. Finally, Navalign LLC raised its stake in shares of Amazon.com by 0.7% during the fourth quarter. Navalign LLC now owns 575 shares of the e-commerce giant’s stock valued at $1,917,000 after acquiring an additional 4 shares during the last quarter. Institutional investors own 72.51% of the company’s stock.

Insider Buying and Selling

In related news, CEO David H. Clark sold 2,270 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Andrew R. Jassy sold 1,181 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were 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 directly owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders sold 4,803 shares of company stock valued at $10,528,337 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Cowen increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday. Itaú Unibanco assumed coverage on shares of Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price on the stock. Mizuho decreased their price target on shares of Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st. They noted that the move was a valuation call. Credit Suisse Group reduced their price target on shares of Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Tuesday, July 26th. Finally, JMP Securities lifted their price target on shares of Amazon.com from $172.50 to $180.00 and gave the stock a “market outperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.45.

Amazon.com Price Performance

Shares of AMZN opened at $135.39 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.11. The company has a market capitalization of $1.38 trillion, a price-to-earnings ratio of 121.37, a price-to-earnings-growth ratio of 5.15 and a beta of 1.33. The firm has a 50-day simple moving average of $114.69 and a 200-day simple moving average of $134.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share 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 business had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same quarter last year, the company posted $0.76 EPS. Amazon.com’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 1.12 earnings per share for the current year.

Amazon.com Profile

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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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