Trivant Custom Portfolio Group LLC Buys 783 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Trivant Custom Portfolio Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the fourth quarter, HoldingsChannel reports. The fund owned 28,917 shares of the e-commerce giant’s stock after acquiring an additional 783 shares during the quarter. Amazon.com makes up about 2.9% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its 7th biggest holding. Trivant Custom Portfolio Group LLC’s holdings in Amazon.com were worth $4,394,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. PayPay Securities Corp grew its holdings in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com during the third quarter worth $49,000. Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $57,000. Finally, AM Squared Ltd acquired a new position in shares of Amazon.com in the 3rd quarter valued at $76,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. 10.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Piper Sandler upped their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt upped their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Bank of America increased their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company boosted their price target on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, JMP Securities reiterated a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $205.13.

Amazon.com Trading Down 1.7 %

Shares of NASDAQ:AMZN opened at $173.67 on Friday. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 59.89, a PEG ratio of 1.56 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company’s fifty day simple moving average is $177.79 and its 200 day simple moving average is $158.23. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for 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 company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Amazon.com 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.