Revolve Wealth Partners LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Revolve Wealth Partners LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,937.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,340 shares of the e-commerce giant’s stock after purchasing an additional 36,458 shares during the quarter. Amazon.com makes up approximately 1.3% of Revolve Wealth Partners LLC’s holdings, making the stock its 18th biggest position. Revolve Wealth Partners LLC’s holdings in Amazon.com were worth $4,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gibson Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $33,000. MBM Wealth Consultants LLC increased its holdings in Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after acquiring an additional 4 shares in the last quarter. William Allan LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $47,000. Cardinal Capital Management Inc. purchased a new stake in Amazon.com in the 1st quarter worth approximately $49,000. Finally, Security Financial Services INC. purchased a new stake in Amazon.com in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. 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 for the company. Cowen reduced their target price on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, July 14th. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $200.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. StockNews.com raised shares of Amazon.com from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Finally, MKM Partners cut their price objective on shares of Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com Stock Down 1.0 %

NASDAQ:AMZN opened at $117.31 on Friday. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11. The company has a market cap of $1.20 trillion, a price-to-earnings ratio of 105.16, a price-to-earnings-growth ratio of 5.45 and a beta of 1.33. The stock has a fifty day simple moving average of $130.33 and a 200-day simple moving average of $130.17. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The firm had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS. Analysts anticipate that Amazon.com, Inc. will post 0.99 EPS for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the transaction, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 10,480 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the completion of the transaction, the senior vice president now directly owns 60,260 shares in the company, valued at $8,738,302.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,628 shares of company stock worth $9,802,599. Company insiders own 12.70% of the company’s stock.

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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