RPS Advisory Solutions LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

RPS Advisory Solutions LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% during the 4th quarter, HoldingsChannel reports. The firm owned 10,188 shares of the e-commerce giant’s stock after purchasing an additional 435 shares during the period. Amazon.com accounts for approximately 1.4% of RPS Advisory Solutions LLC’s investment portfolio, making the stock its 15th biggest holding. RPS Advisory Solutions LLC’s holdings in Amazon.com were worth $2,235,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Lakeside Advisors INC. lifted its stake in shares of Amazon.com by 7.1% in the 4th quarter. Lakeside Advisors INC. now owns 2,420 shares of the e-commerce giant’s stock worth $531,000 after acquiring an additional 160 shares during the period. Prakash Investment Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $7,558,000. Parcion Private Wealth LLC lifted its stake in shares of Amazon.com by 1.6% in the 4th quarter. Parcion Private Wealth LLC now owns 64,537 shares of the e-commerce giant’s stock worth $14,159,000 after acquiring an additional 1,009 shares during the period. O Brien Greene & Co. Inc acquired a new stake in shares of Amazon.com in the 4th quarter worth $271,000. Finally, Bear Mountain Capital Inc. lifted its stake in shares of Amazon.com by 2.4% in the 4th quarter. Bear Mountain Capital Inc. now owns 11,887 shares of the e-commerce giant’s stock worth $2,798,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $196.21 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.08 trillion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The firm has a fifty day simple moving average of $218.90 and a 200-day simple moving average of $207.97.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 in the last ninety days. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Moffett Nathanson raised their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Finally, Morgan Stanley raised their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.65.

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.