Triton Wealth Management PLLC Has $4.64 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Triton Wealth Management PLLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,955 shares of the e-commerce giant’s stock after selling 1,003 shares during the quarter. Amazon.com makes up about 3.0% of Triton Wealth Management PLLC’s portfolio, making the stock its 6th largest position. Triton Wealth Management PLLC’s holdings in Amazon.com were worth $4,642,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mayflower Financial Advisors LLC raised its holdings in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares in the last quarter. PayPay Securities Corp raised its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com in the 3rd quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the 4th quarter valued at approximately $57,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Amazon.com in a report on Wednesday, April 10th. UBS Group upped their price target on Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus upped their price target on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a report on Thursday, April 18th. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $203.13.

Amazon.com Stock Up 1.3 %

NASDAQ:AMZN opened at $179.54 on Wednesday. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. 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 firm has a market capitalization of $1.87 trillion, a P/E ratio of 61.91, a P/E/G ratio of 1.52 and a beta of 1.17. The stock’s fifty day simple moving average is $177.60 and its 200-day simple moving average is $157.99.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the company earned $0.21 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 4.1 earnings per share 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.