Richardson Capital Management LLC has a $137,000 stake in Amazon.com, Inc. (NASDAQ:AMZN)

Richardson Capital Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1800.0% in the 1st quarter, according to the company’s latest disclosure with the Securities & Exchange Commission. The fund now owns 760 shares of the e-commerce giant after purchasing an additional 720 shares during the quarter. Richardson Capital Management LLC’s stake in Amazon.com was worth $137,000 at the end of the last reporting period.

Several other institutional investors also recently modified their holdings in AMZN. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Amazon.com by 21.1% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 174,048 shares of the e-commerce giant’s stock worth $22,125,000 after purchasing an additional 30,292 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Amazon.com by 8.9% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 236,796 shares of the e-commerce giant’s stock worth $30,102,000 after purchasing an additional 19,269 shares in the last quarter. Fishman Jay A Ltd. MI increased its position in Amazon.com by 1.9% in the third quarter. Fishman Jay A Ltd. MI now owns 440,799 shares of the e-commerce giant’s stock worth $56,034,000 after acquiring an additional 8,365 shares during the last quarter. Eagle Asset Management Inc. increased its position in Amazon.com by 16.0% in the third quarter. Eagle Asset Management Inc. now owns 219,251 shares of the e-commerce giant’s stock worth $27,871,000 after acquiring an additional 30,205 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of Amazon.com by 0.6% in the third quarter. Jaffetilchin Investment Partners LLC now owns 105,873 shares of the e-commerce giant’s stock worth $13,459,000 after acquiring an additional 675 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Buying and selling confidential information

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in documents filed with the SEC, which are available on the SEC’s website. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total transaction value of $620,515.00. Following the completion of the transaction, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. Disclosure of this sale can be found here . Insiders have sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 over the last 90 days. 10.80% of the stock is owned by company insiders.

Changes in analyst ratings

Several equities analysts have recently issued reports on the stock. Roth Mkm reissued a “buy” rating and set a $210.00 price target (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Finally, Mizuho raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. One analyst rated the stock a “hold,” forty-three gave a buy rating, and one gave the stock a strong buy rating. The company has an average rating of “Buy” and a consensus price target of $215.86, according to data from MarketBeat.

Read our latest report on AMZN

Amazon.com Stock Performance

Amazon.com stock opened at $200.00 on Friday. The company’s 50 day average price is $185.99 and its 200-day average price is $174.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a quick ratio of 1.07. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. The Amazon.com, Inc. stock’s 52-week low price was $118.35 and the 52-week high price was $200.55.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue increased by 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. Equity research analysts, on average, expect Amazon.com, Inc. to post earnings of 4.72 per share for the current fiscal year.

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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