Amazon.com, Inc. $AMZN is Riverbridge Partners LLC's 7th Largest Position

Key Points

• Riverbridge Partners LLC has decreased its holdings in Amazon.com, Inc. by 2.9%, now owning 653,610 shares, which makes it the firm's 7th largest position, valued at approximately $143.4 million.
• Institutional investors collectively own 72.20% of Amazon's stock, with several firms, including Western Wealth Management and Border to Coast Pensions Partnership, increasing their positions in the company.
• Amazon recently beat earnings expectations with an EPS of $1.68 and reported revenues of $167.70 billion, demonstrating a year-over-year growth of 13.3%.

Riverbridge Partners LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 653,610 shares of the e-commerce giant's stock after selling 19,215 shares during the period. Amazon.com comprises approximately 2.3% of Riverbridge Partners LLC's investment portfolio, making the stock its 7th biggest holding. Riverbridge Partners LLC's holdings in Amazon.com were worth $143,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Western Wealth Management LLC boosted its holdings in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC raised its position in shares of Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock valued at $968,000 after purchasing an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd grew its position in Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant's stock worth $249,295,000 after purchasing an additional 63,924 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. Mizuho set a $300.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a report on Monday, September 29th. Rosenblatt Securities increased their price objective on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a report on Friday, August 1st. UBS Group reaffirmed a "buy" rating and set a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Citigroup reiterated an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Westpark Capital restated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $266.26.

Amazon.com Trading Down 1.3%

AMZN opened at $219.51 on Monday. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. The company's 50 day simple moving average is $226.55 and its two-hundred day simple moving average is $211.24. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,798,540 shares of company stock worth $4,273,477,287. Insiders own 10.80% of the company's stock.

Amazon.com Company Profile

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.

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