Rise Advisors LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Rise Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 81.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,924 shares of the e-commerce giant’s stock after buying an additional 4,467 shares during the period. Amazon.com accounts for 1.0% of Rise Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Rise Advisors LLC’s holdings in Amazon.com were worth $1,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Members Trust Co boosted its position in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC increased its position in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the last quarter. Tompkins Financial Corp raised its stake in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the period. Nicholas Company Inc. boosted its holdings in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after buying an additional 277,631 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $186.10 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a fifty day moving average of $182.72 and a 200-day moving average of $171.06. The company has a market capitalization of $1.94 trillion, a P/E ratio of 52.13, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

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

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock worth $11,894,344 in the last quarter. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMZN. UBS Group lifted their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus lifted their price target on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company raised their target price on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Argus boosted their target price on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $213.82.

About Amazon.com

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.