RIHO Partners LLC Purchases 2,650 Shares of Amazon.com, Inc. $AMZN

RIHO Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,371 shares of the e-commerce giant’s stock after purchasing an additional 2,650 shares during the quarter. Amazon.com accounts for approximately 6.5% of RIHO Partners LLC’s investment portfolio, making the stock its 8th largest holding. RIHO Partners LLC’s holdings in Amazon.com were worth $10,282,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Gateway Wealth Partners LLC increased its holdings in Amazon.com by 205.9% in the 1st quarter. Gateway Wealth Partners LLC now owns 101,990 shares of the e-commerce giant’s stock worth $21,242,000 after buying an additional 68,644 shares during the period. Troluce Capital Advisors LLC acquired a new stake in Amazon.com during the 1st quarter valued at approximately $20,827,000. Turim 21 Investimentos Ltda. lifted its stake in Amazon.com by 604.7% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 118,177 shares of the e-commerce giant’s stock valued at $24,613,000 after acquiring an additional 101,406 shares during the period. Blue Chip Partners LLC boosted its holdings in shares of Amazon.com by 1.8% in the 1st quarter. Blue Chip Partners LLC now owns 147,461 shares of the e-commerce giant’s stock valued at $30,712,000 after acquiring an additional 2,583 shares during the last quarter. Finally, Ardmore Road Asset Management LP boosted its holdings in shares of Amazon.com by 43.9% in the 1st quarter. Ardmore Road Asset Management LP now owns 150,000 shares of the e-commerce giant’s stock valued at $31,240,000 after acquiring an additional 45,765 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon’s recent earnings breakout is attracting continued investor interest. Renewed AWS growth and accelerating AI demand could support earnings momentum and a post-earnings drift higher. Amazon: A Post-Earnings Drift Candidate
• Positive Sentiment: Analysts and market commentators point to accelerating cloud revenue as a potential long-term driver that could help Amazon grow beyond its recently achieved $3 trillion market capitalization. Amazon Just Joined the $3 Trillion Club
• Positive Sentiment: A reported institutional and retail “Power Inflow” alert provided a short-term bullish trading signal, helping reinforce buying momentum in AMZN. Amazon Shares Up After Key Trading Signal
• Positive Sentiment: Amazon’s Zoox robotaxi subsidiary began paid rides in Las Vegas after receiving a federal commercial exemption, marking a meaningful commercialization milestone for the company’s autonomous-vehicle investment. Zoox to Begin Paid Rides
• Positive Sentiment: Amazon Pharmacy is offering eligible Medicare patients access to certain weight-loss drugs for $50 per month, potentially expanding customer engagement and the company’s healthcare presence. Amazon Pharmacy Rolls Out Low-Cost Weight-Loss Drugs

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Roth Capital reissued a “buy” rating and set a $325.00 target price on shares of Amazon.com in a report on Monday, August 3rd. Telsey Advisory Group set a $335.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Bank of America lifted their price objective on Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Barclays restated an “overweight” rating and issued a $365.00 target price (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Rosenblatt Securities raised their target price on Amazon.com from $332.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $322.56.

Amazon.com Stock Performance

AMZN opened at $278.09 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.00 trillion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.83 and a beta of 1.45. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm’s fifty day simple moving average is $246.69 and its two-hundred day simple moving average is $237.78.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $31,427,876.40. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $278.39, for a total value of $278,390.00. Following the completion of the transaction, the chief executive officer directly owned 483,527 shares of the company’s stock, valued at approximately $134,609,081.53. This represents a 0.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,867 shares of company stock worth $20,532,092 in the last quarter. Corporate insiders own 8.90% of the company’s stock.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.