TruWealth Advisors LLC Acquires 1,126 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TruWealth Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,481 shares of the e-commerce giant’s stock after purchasing an additional 1,126 shares during the quarter. Amazon.com makes up about 2.0% of TruWealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. TruWealth Advisors LLC’s holdings in Amazon.com were worth $33,768,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com in the 4th quarter valued at $800,000. Capital & Planning LLC grew its stake in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after purchasing an additional 1,635 shares during the period. LaFleur & Godfrey LLC grew its stake in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC grew its stake in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Finally, Register Financial Advisors LLC grew its stake in shares of Amazon.com by 2.0% during the fourth quarter. Register Financial Advisors LLC now owns 9,266 shares of the e-commerce giant’s stock worth $2,033,000 after purchasing an additional 181 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. 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 90 days. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. Scotiabank decreased their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, April 21st. Piper Sandler reiterated an “overweight” rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Wall Street Zen lowered Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Finally, Stifel Nicolaus cut their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.89.

Amazon.com Trading Down 0.5%

Shares of AMZN stock opened at $212.10 on Monday. The stock’s fifty day moving average price is $195.47 and its two-hundred day moving average price is $209.21. The company has a market cap 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, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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

About Amazon.com

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.