Riverpoint Wealth Management Holdings LLC Buys 6,657 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Riverpoint Wealth Management Holdings LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2,352.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,940 shares of the e-commerce giant’s stock after acquiring an additional 6,657 shares during the quarter. Amazon.com makes up approximately 0.3% of Riverpoint Wealth Management Holdings LLC’s holdings, making the stock its 23rd biggest holding. Riverpoint Wealth Management Holdings LLC’s holdings in Amazon.com were worth $737,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Account Management LLC boosted its stake in Amazon.com by 1,397.9% in the second quarter. Account Management LLC now owns 13,960 shares of the e-commerce giant’s stock valued at $1,483,000 after buying an additional 13,028 shares in the last quarter. Bedell Frazier Investment Counseling LLC boosted its stake in Amazon.com by 1,983.1% in the second quarter. Bedell Frazier Investment Counseling LLC now owns 201,521 shares of the e-commerce giant’s stock valued at $21,404,000 after buying an additional 191,847 shares in the last quarter. Tiedemann Advisors LLC boosted its stake in Amazon.com by 1,497.3% in the second quarter. Tiedemann Advisors LLC now owns 46,210 shares of the e-commerce giant’s stock valued at $4,905,000 after buying an additional 43,317 shares in the last quarter. Financial Insights Inc. boosted its stake in shares of Amazon.com by 1,929.3% during the second quarter. Financial Insights Inc. now owns 9,781 shares of the e-commerce giant’s stock valued at $1,039,000 after purchasing an additional 9,299 shares in the last quarter. Finally, Searle & CO. boosted its stake in shares of Amazon.com by 1,882.5% during the second quarter. Searle & CO. now owns 11,300 shares of the e-commerce giant’s stock valued at $1,200,000 after purchasing an additional 10,730 shares in the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 7,448 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $134.25, for a total value of $999,894.00. Following the completion of the transaction, the chief executive officer now directly owns 498,572 shares in the company, valued at approximately $66,933,291. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,420 shares of company stock valued at $12,769,879. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ:AMZN opened at $94.14 on Friday. The stock has a market cap of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.53 and a beta of 1.23. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $188.11. The business’s 50 day moving average is $110.68 and its 200 day moving average is $117.14.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Morgan Stanley cut their price target on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Rosenblatt Securities cut their price target on Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Monday, November 14th. Sanford C. Bernstein cut their price target on Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Needham & Company LLC cut their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Finally, Bank of America cut their price target on Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.89.

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.

See Also

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

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