Trilogy Capital Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,224 shares of the e-commerce giant’s stock after purchasing an additional 571 shares during the period. Trilogy Capital Inc.’s holdings in Amazon.com were worth $2,682,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of AMZN. Carderock Capital Management Inc. bought a new stake in Amazon.com during the second quarter worth about $27,000. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter worth approximately $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Stock Performance
Amazon.com stock opened at $214.47 on Friday. The stock’s 50 day moving average is $225.85 and its 200 day moving average is $212.38. 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 company has a market capitalization of $2.29 trillion, a P/E ratio of 32.69, a PEG ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.
Insider Activity
In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares of the company’s stock, valued at $111,916,569.70. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,864,716 shares of company stock worth $2,486,013,854. Company insiders own 9.70% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on AMZN. Weiss Ratings reiterated a “buy (b-)” rating on shares of Amazon.com in a research note on Wednesday, October 8th. Citizens Jmp assumed coverage on Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating on the stock. Barclays raised their target price on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Oppenheimer decreased their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research note on Friday, August 1st. Finally, Monness Crespi & Hardt upped their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $266.26.
Read Our Latest Research Report on AMZN
Amazon.com Company 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.
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