Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 719,515 shares of the e-commerce giant’s stock after selling 12,981 shares during the quarter. Amazon.com makes up about 1.9% of Riverbridge Partners LLC’s investment portfolio, making the stock its 17th biggest position. Riverbridge Partners LLC’s holdings in Amazon.com were worth $139,046,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $30,000. Strid Group LLC acquired a new stake in Amazon.com in the 4th quarter valued at $43,000. Clarity Asset Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at $46,000. Steph & Co. acquired a new stake in Amazon.com in the 1st quarter valued at $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the 1st quarter valued at $69,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMZN shares. Jefferies Financial Group lowered their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Sanford C. Bernstein increased their price target on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Roth Mkm raised their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Finally, Bank of America lowered their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $221.36.

Amazon.com Stock Performance

AMZN opened at $178.50 on Monday. The business’s 50 day moving average is $182.68 and its 200-day moving average is $181.15. The stock has a market cap of $1.86 trillion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Amazon.com 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.