Riverbridge Partners LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Riverbridge Partners LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 672,825 shares of the e-commerce giant's stock after selling 10,750 shares during the period. Amazon.com makes up about 2.1% of Riverbridge Partners LLC's holdings, making the stock its 12th largest holding. Riverbridge Partners LLC's holdings in Amazon.com were worth $128,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. LongView Wealth Management grew its stake in shares of Amazon.com by 2.5% in the first quarter. LongView Wealth Management now owns 18,449 shares of the e-commerce giant's stock valued at $3,510,000 after buying an additional 457 shares in the last quarter. River Street Advisors LLC grew its stake in shares of Amazon.com by 6.9% in the first quarter. River Street Advisors LLC now owns 13,113 shares of the e-commerce giant's stock valued at $2,495,000 after buying an additional 850 shares in the last quarter. Vanderbilt University grew its stake in shares of Amazon.com by 6.2% in the first quarter. Vanderbilt University now owns 26,029 shares of the e-commerce giant's stock valued at $4,952,000 after buying an additional 1,518 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV grew its stake in shares of Amazon.com by 14.7% in the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 13,636 shares of the e-commerce giant's stock valued at $2,594,000 after buying an additional 1,746 shares in the last quarter. Finally, DecisionMap Wealth Management LLC grew its stake in shares of Amazon.com by 5.8% in the first quarter. DecisionMap Wealth Management LLC now owns 7,749 shares of the e-commerce giant's stock valued at $1,474,000 after buying an additional 423 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares in the company, valued at $200,535,643,679.42. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,401,408 shares of company stock valued at $1,423,159,137. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $219.36 on Wednesday. The firm's 50-day moving average is $207.80 and its 200-day moving average is $208.58. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citizens Jmp dropped their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $246.41.

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.

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