Riverstone Advisors LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Riverstone Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 86,552 shares of the e-commerce giant’s stock after selling 5,222 shares during the period. Amazon.com accounts for 8.5% of Riverstone Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Riverstone Advisors LLC’s holdings in Amazon.com were worth $13,151,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMZN. LS Investment Advisors LLC grew its stake in shares of Amazon.com by 91.9% in the third quarter. LS Investment Advisors LLC now owns 8,759 shares of the e-commerce giant’s stock worth $1,113,000 after purchasing an additional 4,195 shares in the last quarter. Clarity Financial LLC lifted its holdings in Amazon.com by 89.4% in the third quarter. Clarity Financial LLC now owns 95,974 shares of the e-commerce giant’s stock worth $12,200,000 after purchasing an additional 45,290 shares during the period. Secure Asset Management LLC grew its position in Amazon.com by 32.8% in the 3rd quarter. Secure Asset Management LLC now owns 35,976 shares of the e-commerce giant’s stock valued at $4,573,000 after buying an additional 8,893 shares in the last quarter. Oak Thistle LLC increased its stake in Amazon.com by 252.3% during the 3rd quarter. Oak Thistle LLC now owns 9,802 shares of the e-commerce giant’s stock valued at $1,246,000 after buying an additional 7,020 shares during the period. Finally, Next Capital Management LLC raised its position in shares of Amazon.com by 82.0% during the 3rd quarter. Next Capital Management LLC now owns 154,128 shares of the e-commerce giant’s stock worth $19,593,000 after buying an additional 69,427 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMZN shares. Oppenheimer increased their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Truist Financial lifted their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JMP Securities restated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Robert W. Baird upped their price target on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $211.07.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock opened at $186.21 on Monday. The firm has a 50 day moving average of $179.02 and a two-hundred day moving average of $160.75. Amazon.com, Inc. has a 12 month low of $103.31 and a 12 month high of $189.77. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current fiscal 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.