RDA Financial Network Purchases 1,878 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RDA Financial Network grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the first quarter, HoldingsChannel reports. The fund owned 50,482 shares of the e-commerce giant’s stock after purchasing an additional 1,878 shares during the period. Amazon.com accounts for about 2.9% of RDA Financial Network’s investment portfolio, making the stock its 5th biggest holding. RDA Financial Network’s holdings in Amazon.com were worth $9,605,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMZN. Tallon Kerry Patrick acquired a new position in Amazon.com in the 4th quarter valued at about $800,000. Capital & Planning LLC increased its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC increased its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC grew its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Amazon.com during the 4th quarter valued at $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.3%

AMZN opened at $209.69 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50-day moving average of $198.41 and a 200-day moving average of $209.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.23 trillion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business earned $0.98 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last three months. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Wedbush reaffirmed an “outperform” rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Citizens Jmp dropped their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Tigress Financial lifted their target price on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lifted their target price on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $245.53.

View Our Latest Research Report on AMZN

About Amazon.com

(Free Report)

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.

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

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