Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Riverstone Advisors LLC

Posted by on Aug 9th, 2023

Riverstone Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,254 shares of the e-commerce giant’s stock after purchasing an additional 3,320 shares during the quarter. Amazon.com accounts for 6.0% of Riverstone Advisors LLC’s portfolio, making the stock its 6th largest position. Riverstone Advisors LLC’s holdings in Amazon.com were worth $9,421,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMZN. St. James Investment Advisors LLC boosted its stake in shares of Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after buying an additional 170 shares during the last quarter. Laurel Wealth Planning LLC boosted its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $38,000. Finally, Ruedi Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Amazon.com Trading Down 1.6 %

AMZN opened at $139.94 on Wednesday. The firm has a market cap of $1.44 trillion, a P/E ratio of 110.19, a P/E/G ratio of 2.67 and a beta of 1.26. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The business has a fifty day simple moving average of $128.78 and a 200-day simple moving average of $111.56.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the sale, the chief executive officer now directly owns 152,780 shares in the company, valued at $19,291,530.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the sale, the chief executive officer now directly owns 152,780 shares in the company, valued at $19,291,530.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 21,925 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total value of $2,529,487.25. Following the completion of the sale, the chief executive officer now owns 1,997,681 shares in the company, valued at $230,472,456.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,305 shares of company stock worth $15,656,808. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Needham & Company LLC upped their target price on Amazon.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Telsey Advisory Group upped their price target on Amazon.com from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Wells Fargo & Company increased their target price on Amazon.com from $159.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Wolfe Research increased their target price on Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. Finally, Benchmark increased their target price on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $157.89.

Get Our Latest Research Report on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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