RPS Advisory Solutions LLC Acquires New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

RPS Advisory Solutions LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,878 shares of the e-commerce giant’s stock, valued at approximately $1,522,000. Amazon.com makes up about 1.4% of RPS Advisory Solutions LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $30,000. Clarity Asset Management Inc. bought a new position in Amazon.com during the 4th quarter worth $46,000. Steph & Co. acquired a new position in Amazon.com during the 1st quarter worth about $65,000. Advantage Trust Co bought a new stake in shares of Amazon.com in the 4th quarter valued at about $68,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the first quarter valued at about $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Bank of America dropped their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Truist Financial upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Sanford C. Bernstein lifted their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. BMO Capital Markets boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $222.49.

Amazon.com Price Performance

AMZN stock opened at $186.49 on Monday. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.24, a PEG ratio of 1.39 and a beta of 1.14. The firm’s 50-day moving average price is $179.51 and its two-hundred day moving average price is $181.68. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, equities analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by corporate insiders.

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.