Rogco LP Has $1.54 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Rogco LP lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,090 shares of the e-commerce giant’s stock after selling 115 shares during the quarter. Amazon.com comprises 0.6% of Rogco LP’s investment portfolio, making the stock its 29th biggest position. Rogco LP’s holdings in Amazon.com were worth $1,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Western Wealth Management LLC increased its stake in shares of Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the period. Momentous Wealth Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at approximately $749,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter valued at approximately $514,000. Segall Bryant & Hamill LLC increased its position in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $12,014,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday. Wells Fargo & Company increased their target price on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a research report on Monday, July 28th. Finally, Wedbush increased their target price on shares of Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $262.45.

Amazon.com Stock Up 1.0%

AMZN stock opened at $213.75 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.28 trillion, a PE ratio of 32.58, a PEG ratio of 1.45 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $158.54 and a twelve month high of $242.52. The stock has a 50-day simple moving average of $218.57 and a two-hundred day simple moving average of $208.96.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. 10.80% of the stock is owned by 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.