Trail Ridge Investment Advisors LLC Has $3.77 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Trail Ridge Investment Advisors LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,792 shares of the e-commerce giant’s stock after selling 2,228 shares during the quarter. Amazon.com makes up approximately 1.9% of Trail Ridge Investment Advisors LLC’s portfolio, making the stock its 14th largest position. Trail Ridge Investment Advisors LLC’s holdings in Amazon.com were worth $3,766,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the first quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter worth approximately $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMZN shares. Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. UBS Group restated a “buy” rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Monness Crespi & Hardt increased their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Scotiabank increased their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $262.45.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 25,101,037 shares of company stock worth $5,674,726,368. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $221.30 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.36 trillion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The company’s 50 day moving average price is $219.94 and its two-hundred day moving average price is $208.52. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.