Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Riverwater Partners LLC

Riverwater Partners LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 39.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,961 shares of the e-commerce giant's stock after purchasing an additional 1,413 shares during the period. Riverwater Partners LLC's holdings in Amazon.com were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Tallon Kerry Patrick acquired a new stake in Amazon.com in the 4th quarter valued at approximately $800,000. Capital & Planning LLC grew its stake in shares of Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after acquiring an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC raised its holdings in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com during the fourth quarter worth $301,650,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Moffett Nathanson lifted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday. Raymond James Financial restated an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Benchmark reaffirmed a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.42.

Amazon.com Stock Up 1.3%

Shares of AMZN traded up $2.80 during midday trading on Friday, hitting $225.06. 44,214,818 shares of the company's stock traded hands, compared to its average volume of 42,097,614. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm's fifty day moving average is $209.20 and its 200-day moving average is $208.66. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

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

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,100,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the completion of the transaction, the insider directly owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock worth $1,531,840,610 in the last ninety days. 9.70% of the stock is owned by corporate insiders.

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.