RMR Wealth Builders Buys 2,013 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RMR Wealth Builders boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 244.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,835 shares of the e-commerce giant’s stock after acquiring an additional 2,013 shares during the quarter. Amazon.com accounts for about 2.0% of RMR Wealth Builders’ portfolio, making the stock its 11th largest position. RMR Wealth Builders’ holdings in Amazon.com were worth $9,242,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Norges Bank bought a new stake in Amazon.com during the 4th quarter worth approximately $14,053,756,000. Castleview Partners LLC acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $1,143,000. Aaron Wealth Advisors LLC lifted its position in shares of Amazon.com by 346,521.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,246,105 shares of the e-commerce giant’s stock worth $689,000 after purchasing an additional 2,245,457 shares during the period. Verity Asset Management Inc. lifted its position in shares of Amazon.com by 413,136.4% in the 1st quarter. Verity Asset Management Inc. now owns 1,508,313 shares of the e-commerce giant’s stock worth $841,000 after purchasing an additional 1,507,948 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Amazon.com by 124.5% in the 1st quarter. SG Americas Securities LLC now owns 220,530 shares of the e-commerce giant’s stock worth $718,917,000 after purchasing an additional 1,120,660 shares during the period. 57.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AMZN shares. Barclays boosted their price target on shares of Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. UBS Group boosted their price target on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Citigroup boosted their target price on shares of Amazon.com to $185.00 in a research report on Tuesday, August 9th. Cowen dropped their target price on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, July 14th. Finally, JMP Securities boosted their target price on shares of Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Price Performance

NASDAQ AMZN opened at $129.82 on Friday. The company has a market cap of $1.32 trillion, a PE ratio of 116.38, a price-to-earnings-growth ratio of 5.67 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The firm’s 50-day simple moving average is $127.59 and its two-hundred day simple moving average is $131.77.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). The business had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. Amazon.com’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. Research analysts predict that Amazon.com, Inc. will post 0.98 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Andrew R. Jassy sold 23,620 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the sale, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders have sold a total of 70,108 shares of company stock valued at $9,736,335 over the last three months. 12.70% of the stock is currently owned by insiders.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Recommended Stories

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.