Amazon.com, Inc. (NASDAQ:AMZN) is RiverPark Advisors LLC’s 7th Largest Position

RiverPark Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,058 shares of the e-commerce giant’s stock after selling 2,156 shares during the period. Amazon.com comprises about 3.4% of RiverPark Advisors LLC’s portfolio, making the stock its 7th largest position. RiverPark Advisors LLC’s holdings in Amazon.com were worth $3,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. King Wealth increased its holdings in Amazon.com by 4.6% during the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after buying an additional 1,296 shares during the last quarter. Ascension Asset Management LLC purchased a new stake in Amazon.com during the second quarter worth about $2,001,000. Register Financial Advisors LLC increased its holdings in Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Amazon.com by 1.0% during the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares during the last quarter. Finally, Westchester Capital Management Inc. boosted its position in Amazon.com by 0.6% during the second quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock worth $3,682,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the sale, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock worth $5,505,223,106 over the last quarter. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. Royal Bank of Canada increased their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Needham & Company LLC increased their target price on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mizuho increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Bank of America increased their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $197.95.

Amazon.com Stock Up 0.9 %

Shares of NASDAQ AMZN opened at $179.83 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52 week low of $96.29 and a 52 week high of $181.41. The firm’s fifty day moving average is $169.73 and its 200 day moving average is $151.07. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 62.01, a PEG ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.