Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Triangle Securities Wealth Management

Triangle Securities Wealth Management lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,316 shares of the e-commerce giant’s stock after acquiring an additional 93 shares during the period. Triangle Securities Wealth Management’s holdings in Amazon.com were worth $3,295,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMZN. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com during the fourth quarter valued at $800,000. Capital & Planning LLC boosted its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after buying an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after buying an additional 860 shares during the last quarter. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Finally, Register Financial Advisors LLC boosted its stake in Amazon.com by 2.0% in the 4th quarter. Register Financial Advisors LLC now owns 9,266 shares of the e-commerce giant’s stock worth $2,033,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $212.10 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock’s 50 day moving average is $195.47 and its two-hundred day moving average is $209.21. The company has a market capitalization of $2.25 trillion, a PE ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cantor Fitzgerald raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Oppenheimer decreased their price target on Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Stifel Nicolaus decreased their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Truist Financial decreased their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.89.

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.