Riverpoint Wealth Management Holdings LLC Has $737,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Riverpoint Wealth Management Holdings LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,352.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,940 shares of the e-commerce giant’s stock after buying an additional 6,657 shares during the period. Amazon.com comprises 0.3% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 23rd largest holding. Riverpoint Wealth Management Holdings LLC’s holdings in Amazon.com were worth $737,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Elkhorn Partners Limited Partnership boosted its stake in Amazon.com by 800.0% during the first quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock worth $59,000 after buying an additional 16 shares in the last quarter. Dravo Bay LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $72,000. Cordant Inc. acquired a new stake in shares of Amazon.com in the 1st quarter valued at $150,000. Moisand Fitzgerald Tamayo LLC boosted its stake in shares of Amazon.com by 36.1% in the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock valued at $160,000 after purchasing an additional 13 shares in the last quarter. Finally, Evolution Advisers Inc. boosted its stake in shares of Amazon.com by 900.0% in the 1st quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock valued at $162,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMZN shares. Jefferies Financial Group reduced their target price on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Cowen reduced their target price on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. UBS Group boosted their target price on shares of Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Wells Fargo & Company reduced their price target on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Finally, Bank of America reduced their price target on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.89.

Amazon.com Trading Down 0.7 %

NASDAQ:AMZN opened at $94.14 on Friday. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $110.68 and a two-hundred day moving average price of $117.14. The company has a market cap of $960.38 billion, a P/E ratio of 86.41, a price-to-earnings-growth ratio of 7.53 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 14.7% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the transaction, the director now owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the transaction, the director now owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The disclosure for this sale can be found here. Insiders sold a total of 305,420 shares of company stock valued at $12,769,879 in the last quarter. 12.70% of the stock is currently owned by insiders.

Amazon.com Company Profile

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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.

See Also

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

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