Revolve Wealth Partners LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Revolve Wealth Partners LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,616 shares of the e-commerce giant’s stock after buying an additional 654 shares during the period. Amazon.com accounts for 1.3% of Revolve Wealth Partners LLC’s investment portfolio, making the stock its 22nd largest position. Revolve Wealth Partners LLC’s holdings in Amazon.com were worth $7,507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fi3 FINANCIAL ADVISORS LLC boosted its stake in Amazon.com by 9.3% in the 3rd quarter. Fi3 FINANCIAL ADVISORS LLC now owns 13,248 shares of the e-commerce giant’s stock worth $1,684,000 after purchasing an additional 1,130 shares during the period. Mizuho Markets Americas LLC bought a new position in Amazon.com in the 3rd quarter worth about $12,751,000. Manchester Capital Management LLC boosted its stake in Amazon.com by 2.3% in the 3rd quarter. Manchester Capital Management LLC now owns 138,399 shares of the e-commerce giant’s stock worth $17,593,000 after purchasing an additional 3,151 shares during the period. Truepoint Inc. boosted its stake in Amazon.com by 106.2% in the 3rd quarter. Truepoint Inc. now owns 22,795 shares of the e-commerce giant’s stock worth $2,898,000 after purchasing an additional 11,742 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Amazon.com by 2.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,113,865 shares of the e-commerce giant’s stock worth $777,195,000 after purchasing an additional 125,975 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,838 shares of company stock worth $11,261,789. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $193.25 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84. The business’s 50-day moving average is $183.87 and its 200 day moving average is $173.28.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America raised their target price on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Robert W. Baird lifted their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. UBS Group lifted their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus price target of $215.86.

View Our Latest Stock Analysis on AMZN

Amazon.com Profile

(Free Report)

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.

See Also

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

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