Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 8,605 shares of the e-commerce giant’s stock after buying an additional 175 shares during the period. TriaGen Wealth Management LLC’s holdings in Amazon.com were worth $1,307,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $228,000. Krane Funds Advisors LLC increased its holdings in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $258,000. My Personal CFO LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $191,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. Royal Bank of Canada lifted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Oppenheimer lifted their target price on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Canaccord Genuity Group boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $201.43.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the transaction, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 in the last ninety days. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Down 1.3 %

AMZN opened at $183.62 on Tuesday. The business has a 50 day moving average price of $176.60 and a two-hundred day moving average price of $155.79. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.91 trillion, a PE ratio of 63.32, a P/E/G ratio of 1.62 and a beta of 1.17. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Amazon.com Company Profile

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.