Trinity Legacy Partners LLC Has $6.15 Million Stock Holdings in Amazon.com, Inc. $AMZN

Trinity Legacy Partners LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,571 shares of the e-commerce giant’s stock after selling 55 shares during the period. Amazon.com makes up about 1.5% of Trinity Legacy Partners LLC’s holdings, making the stock its 21st biggest position. Trinity Legacy Partners LLC’s holdings in Amazon.com were worth $6,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the first quarter valued at $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at $40,000. Maryland Capital Advisors Inc. grew its holdings in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new position in shares of Amazon.com during the first quarter valued at $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value 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. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This represents a 2.22% 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 valued at $2,486,013,854. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Wedbush reiterated an “outperform” rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, September 19th. Cantor Fitzgerald lifted their price target on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $245.00 to $280.00 in a report on Wednesday, September 24th. Stifel Nicolaus lifted their price target on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $266.26.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $213.04 on Friday. The business’s 50-day moving average price is $225.66 and its two-hundred day moving average price is $212.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market capitalization of $2.27 trillion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts anticipate 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.