Riverview Capital Advisers LLC Purchases 43,773 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Riverview Capital Advisers LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 71.2% in the fourth quarter, HoldingsChannel reports. The firm owned 105,256 shares of the e-commerce giant’s stock after acquiring an additional 43,773 shares during the period. Amazon.com accounts for about 4.7% of Riverview Capital Advisers LLC’s investment portfolio, making the stock its 6th biggest holding. Riverview Capital Advisers LLC’s holdings in Amazon.com were worth $8,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $27,000. Retirement Financial Solutions LLC purchased a new position in Amazon.com during the 4th quarter valued at about $32,000. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the first quarter worth approximately $38,000. Finally, Cowa LLC acquired a new stake in shares of Amazon.com during the third quarter worth approximately $40,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 16,760 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $95.25, for a total value of $1,596,390.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $4,667,250. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 16,760 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $4,667,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,019 shares of company stock valued at $6,053,511. 12.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMZN shares. Mizuho increased their target price on shares of Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Moffett Nathanson cut their price objective on Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a report on Monday, April 24th. Robert W. Baird boosted their target price on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Cowen raised their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Finally, Wolfe Research boosted their price target on Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $116.25 on Friday. The firm has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 276.79, a PEG ratio of 4.11 and a beta of 1.26. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57. The business has a fifty day simple moving average of $103.63 and a 200 day simple moving average of $97.03. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current year.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.