Riverpark Capital Management LLC Has $28.89 Million Holdings in Amazon.com, Inc. (AMZN)
Riverpark Capital Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,841 shares of the e-commerce giant’s stock after purchasing an additional 3,770 shares during the quarter. Amazon.com accounts for 3.3% of Riverpark Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding. Riverpark Capital Management LLC’s holdings in Amazon.com were worth $28,886,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in AMZN. Clear Investment Research LLC grew its stake in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares during the last quarter. WealthTrust Arizona LLC grew its stake in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $116,000. Lipe & Dalton purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $124,000. Finally, Farmers & Merchants Investments Inc. grew its stake in shares of Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 60.77% of the company’s stock.
Several brokerages have weighed in on AMZN. TheStreet downgraded Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a research note on Friday, July 28th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $1,190.00 target price on shares of Amazon.com in a research note on Monday, October 2nd. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a research note on Friday, October 27th. Five research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $1,142.08.
Amazon.com, Inc. (AMZN) opened at $1,111.60 on Friday. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,122.79. The stock has a market capitalization of $535,648.94, a price-to-earnings ratio of 282.13, a price-to-earnings-growth ratio of 14.05 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter last year, the company posted $0.52 EPS. Amazon.com’s revenue was up 33.7% on a year-over-year basis. equities research analysts predict that Amazon.com, Inc. will post 4.2 earnings per share for the current year.
In other news, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares in the company, valued at approximately $6,444,935.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold a total of 399,483 shares of company stock valued at $439,775,421 in the last quarter. Insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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