Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 33.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,126 shares of the e-commerce giant’s stock after selling 6,008 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Amazon.com were worth $2,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Western Wealth Management LLC lifted its stake in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the period. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter worth $749,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter worth $514,000. Segall Bryant & Hamill LLC grew its holdings in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC acquired a new stake in Amazon.com during the 4th quarter valued at $12,014,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN opened at $224.66 on Thursday. The business has a fifty day moving average of $220.60 and a 200 day moving average of $208.72. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.40 trillion, a P/E ratio of 34.25, a PEG ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the prior year, the business earned $1.26 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. UBS Group reiterated a “buy” rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Moffett Nathanson raised their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Finally, DA Davidson boosted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $262.45.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last 90 days. 9.70% of the stock is currently owned by company 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.