Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Triton Wealth Management PLLC

Triton Wealth Management PLLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,324 shares of the e-commerce giant’s stock after selling 313 shares during the period. Amazon.com makes up approximately 3.2% of Triton Wealth Management PLLC’s holdings, making the stock its 7th biggest holding. Triton Wealth Management PLLC’s holdings in Amazon.com were worth $5,627,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Breakwater Capital Group increased its position in shares of Amazon.com by 1.7% during the third quarter. Breakwater Capital Group now owns 23,076 shares of the e-commerce giant’s stock worth $4,300,000 after acquiring an additional 393 shares in the last quarter. AMI Investment Management Inc. boosted its stake in Amazon.com by 0.6% in the 3rd quarter. AMI Investment Management Inc. now owns 20,300 shares of the e-commerce giant’s stock worth $3,782,000 after purchasing an additional 113 shares during the period. Regency Capital Management Inc. DE boosted its stake in Amazon.com by 248.3% in the 3rd quarter. Regency Capital Management Inc. DE now owns 15,389 shares of the e-commerce giant’s stock worth $2,867,000 after purchasing an additional 10,971 shares during the period. Chemung Canal Trust Co. increased its holdings in Amazon.com by 31.0% during the 3rd quarter. Chemung Canal Trust Co. now owns 68,994 shares of the e-commerce giant’s stock worth $12,856,000 after purchasing an additional 16,314 shares in the last quarter. Finally, GuoLine Advisory Pte Ltd raised its stake in shares of Amazon.com by 36.0% in the 3rd quarter. GuoLine Advisory Pte Ltd now owns 285,680 shares of the e-commerce giant’s stock valued at $53,231,000 after purchasing an additional 75,630 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 3.3 %

AMZN stock opened at $186.40 on Friday. Amazon.com, Inc. has a 52 week low of $131.71 and a 52 week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company’s 50-day simple moving average is $184.40 and its 200 day simple moving average is $183.65. The company has a market capitalization of $1.96 trillion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,855 shares of company stock valued at $9,215,048 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Sanford C. Bernstein upped their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Bank of America reduced their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wedbush reiterated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.76.

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.