Reliant Investment Management LLC Acquires 775 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Reliant Investment Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 34,017 shares of the e-commerce giant’s stock after buying an additional 775 shares during the period. Amazon.com makes up 2.9% of Reliant Investment Management LLC’s investment portfolio, making the stock its 14th largest position. Reliant Investment Management LLC’s holdings in Amazon.com were worth $6,136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. ShoreHaven Wealth Partners LLC boosted its holdings in shares of Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after buying an additional 60 shares in the last quarter. O Dell Group LLC boosted its stake in Amazon.com by 0.5% in the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its stake in Amazon.com by 2.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares in the last quarter. Ballew Advisors Inc boosted its stake in Amazon.com by 1.5% in the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC boosted its stake in Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.2 %

Amazon.com stock opened at $197.59 on Friday. The firm has a 50 day moving average of $185.10 and a 200 day moving average of $174.15. The firm has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a P/E/G ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.43. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AMZN shares. UBS Group upped their price target on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Maxim Group dropped their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Roth Mkm reiterated a “buy” rating and issued a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Morgan Stanley boosted their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $215.86.

Insiders Place Their Bets

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, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Insiders sold 69,548 shares of company stock worth $12,774,204 in the last three months. 10.80% of the stock is owned by company 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.