RWQ Financial Management Services Inc. takes a $17.87 million position in Amazon.com, Inc. (NASDAQ:AMZN)

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RWQ Financial Management Services Inc. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in Q1, according to its latest disclosure to the Securities & Exchange Commission. The company bought 5,481 shares of the e-commerce giant, valued at around $17,868,000. Amazon.com represents 14.6% of RWQ Financial Management Services Inc.’s investment portfolio, making the stock its second largest holding.

A number of other institutional investors and hedge funds also bought and sold shares of the company. Fifth Third Bancorp increased its holdings of Amazon.com shares 1.5% in the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant valued at $579,225,000 after acquiring 2,686 additional shares during the period. Graypoint LLC increased its stake in Amazon.com by 57.9% during the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant worth $5,555,000 after buying an additional 625 shares in the last quarter. Atlas Private Wealth Advisors acquired a new equity stake in Amazon.com during the first quarter worth approximately $6,229,000. MCIA Inc increased its stake in Amazon.com shares by 9.0% in the first quarter. MCIA Inc now owns 1,495 shares of the e-commerce giant valued at $4,517,000 after acquiring 124 more shares in the last quarter. Finally, Legacy Private Trust Co. increased its position in Amazon.com by 60.0% in the 1st quarter. Legacy Private Trust Co. now owns 4,058 shares of the e-commerce giant valued at $13,229,000 after buying an additional 1,522 shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s shares.

NASDAQ AMZN shares opened at $115.54 on Monday. The company has a debt ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.71. The company has a 50-day moving average of $112.64 and a 200-day moving average of $140.01. The stock has a market capitalization of $1.18 trillion, a price/earnings ratio of 55.78, a PEG ratio of 3.69 and a beta of 1.25. Amazon.com, Inc. has a fifty-two week low of $101.26 and a fifty-two week high of $188.65.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly results on Thursday, April 28. The e-commerce giant reported earnings per share of $0.21 for the quarter, missing analyst consensus estimates of $0.44 per ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company posted revenue of $116.44 billion in the quarter, versus a consensus estimate of $116.52 billion. In the same quarter a year earlier, the company had earned earnings per share of $0.79. The company’s revenue for the quarter increased 7.3% compared to the same quarter last year. On average, sell-side analysts expect Amazon.com, Inc. to post EPS of 1.17 for the current year.

Separately, Vice President Shelley Reynolds sold 173 shares of the company in a transaction dated Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now directly owns 5,989 shares of the company, valued at approximately $12,991,458.58. The sale was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com in a trade dated Monday, May 16. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. As a result of the transaction, the CEO now owns 92,781 shares of the company, valued at approximately $209,870,622. The disclosure of this sale can be found here. Insiders sold 4,803 shares of the company worth $10,528,337 in the past ninety days. Insiders hold 12.70% of the shares of the company.

Several equity research analysts have weighed in on AMZN shares. Credit Suisse Group lowered its price target on Amazon.com shares from $205.00 to $185.00 in a Friday, April 29 research report. JPMorgan Chase & Co. lowered its price target on Amazon.com shares from $200.00 to $175.00 and set an “overweight” rating for the company in a Wednesday, June 29 research report . Susquehanna Bancshares reduced its price target on Amazon.com from $250.00 to $190.00 in a Friday, April 29 research report. Goldman Sachs Group cut its Amazon.com price target from $185.00 to $170.00 and placed a “buy” rating on the stock in a Thursday, June 9 research note. Finally, Robert W. Baird lowered his price target on Amazon.com from $200.00 to $187.50 in a Friday, April 29 research report. Three analysts have assigned the stock a sell rating, one has assigned a hold rating and thirty-seven have assigned the company’s stock a buy rating. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $185.45.

About Amazon.com (Get an assessment)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further reading

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Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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