Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Triumph Capital Management

Triumph Capital Management grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 83.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,391 shares of the e-commerce giant’s stock after acquiring an additional 2,455 shares during the quarter. Triumph Capital Management’s holdings in Amazon.com were worth $703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Kavar Capital Partners Group LLC lifted its position in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares in the last quarter. Markel Corp lifted its position in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC lifted its position in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $180.00 target price on shares of Amazon.com in a research report on Wednesday, October 18th. Credit Suisse Group lifted their target price on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. TD Cowen lifted their target price on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. HSBC initiated coverage on Amazon.com in a research report on Thursday, November 2nd. They issued a “buy” rating and a $160.00 target price on the stock. Finally, Citigroup lifted their target price on Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $168.93.

Amazon.com Stock Up 1.6 %

Amazon.com stock opened at $145.18 on Friday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $147.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The company has a market capitalization of $1.50 trillion, a P/E ratio of 75.22, a PEG ratio of 1.93 and a beta of 1.17. The stock has a 50-day simple moving average of $133.72 and a 200-day simple moving average of $129.41.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.27. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. The business had revenue of $143.08 billion during the quarter, compared to the consensus estimate of $141.53 billion. Equities research analysts expect that Amazon.com, Inc. will post 2.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the sale, the senior vice president now owns 64,380 shares in the company, valued at approximately $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Brian T. Olsavsky sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.61, for a total value of $2,244,648.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $6,546,890. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now owns 64,380 shares in the company, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,845 shares of company stock worth $17,035,294. Company insiders own 12.30% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.