Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 80.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,808 shares of the e-commerce giant’s stock after buying an additional 3,035 shares during the quarter. Trinity Financial Advisors LLC’s holdings in Amazon.com were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC boosted its stake in Amazon.com by 2.8% during the first quarter. Laurel Wealth Advisors LLC now owns 54,889 shares of the e-commerce giant’s stock valued at $10,443,000 after buying an additional 1,515 shares in the last quarter. Transform Wealth LLC raised its position in Amazon.com by 3.0% in the first quarter. Transform Wealth LLC now owns 160,930 shares of the e-commerce giant’s stock worth $30,618,000 after acquiring an additional 4,638 shares in the last quarter. Focus Financial Network Inc. boosted its position in shares of Amazon.com by 0.3% during the 1st quarter. Focus Financial Network Inc. now owns 323,070 shares of the e-commerce giant’s stock valued at $61,467,000 after purchasing an additional 930 shares in the last quarter. Rubicon Global Capital Ltd boosted its holdings in Amazon.com by 13.5% during the first quarter. Rubicon Global Capital Ltd now owns 84,000 shares of the e-commerce giant’s stock worth $15,982,000 after buying an additional 10,000 shares in the last quarter. Finally, Donaldson Capital Management LLC grew its holdings in shares of Amazon.com by 2.9% in the 1st quarter. Donaldson Capital Management LLC now owns 73,215 shares of the e-commerce giant’s stock worth $13,930,000 after acquiring an additional 2,053 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Westpark Capital reissued a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Wedbush restated an “outperform” rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Tigress Financial boosted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.64.

Amazon.com Trading Up 2.4%

NASDAQ:AMZN opened at $217.12 on Friday. The company’s 50 day moving average is $201.25 and its 200-day moving average is $209.02. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.31 trillion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate 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 net margin of 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the 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 $4,000,233.60. Following the completion of the sale, the chief executive officer now directly owns 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by insiders.

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.