WD Rutherford LLC Has $4.98 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

WD Rutherford LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 27,581 shares of the e-commerce giant’s stock after selling 425 shares during the quarter. Amazon.com accounts for 2.6% of WD Rutherford LLC’s holdings, making the stock its 7th biggest holding. WD Rutherford LLC’s holdings in Amazon.com were worth $4,975,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Collective Family Office LLC grew its stake in shares of Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares during the period. Members Trust Co grew its stake in shares of 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 acquiring an additional 341 shares during the period. Cherrydale Wealth Management LLC grew its stake in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp grew its stake in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the period. Finally, Nicholas Company Inc. grew its stake in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,548 shares of company stock worth $12,774,204. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Maxim Group reduced their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company 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. Stifel Nicolaus raised their price objective 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. Oppenheimer raised their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets raised their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $215.86.

Amazon.com Trading Down 1.2 %

AMZN stock opened at $197.59 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $200.43. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The firm’s fifty day simple moving average is $185.10 and its two-hundred day simple moving average is $174.15.

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

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.