Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by RDST Capital LLC

RDST Capital LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,580 shares of the e-commerce giant’s stock after buying an additional 1,890 shares during the quarter. Amazon.com comprises 1.6% of RDST Capital LLC’s portfolio, making the stock its 14th largest position. RDST Capital LLC’s holdings in Amazon.com were worth $6,103,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mountain Pacific Investment Advisers Inc. ID lifted its holdings in Amazon.com by 19.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 1,856 shares of the e-commerce giant’s stock worth $335,000 after acquiring an additional 300 shares during the last quarter. International Assets Investment Management LLC boosted its position in Amazon.com by 13.8% during the 1st quarter. International Assets Investment Management LLC now owns 178,708 shares of the e-commerce giant’s stock valued at $32,341,000 after purchasing an additional 21,638 shares during the period. Unique Wealth LLC grew its stake in Amazon.com by 5.3% during the 1st quarter. Unique Wealth LLC now owns 5,977 shares of the e-commerce giant’s stock worth $1,074,000 after buying an additional 303 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in Amazon.com by 1.2% in the first quarter. Salem Investment Counselors Inc. now owns 474,053 shares of the e-commerce giant’s stock valued at $85,510,000 after buying an additional 5,610 shares during the last quarter. Finally, Cooper Financial Group boosted its holdings in shares of Amazon.com by 9.9% during the first quarter. Cooper Financial Group now owns 97,122 shares of the e-commerce giant’s stock valued at $17,519,000 after acquiring an additional 8,724 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $184.71 on Thursday. The business’s 50-day moving average is $183.11 and its 200-day moving average is $183.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.74, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. TD Securities lifted their price objective on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Royal Bank of Canada restated an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Loop Capital increased their price target on Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated 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 sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is owned by insiders.

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.