TruWealth Advisors LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

TruWealth Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,173 shares of the e-commerce giant’s stock after acquiring an additional 1,080 shares during the period. Amazon.com comprises about 2.1% of TruWealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. TruWealth Advisors LLC’s holdings in Amazon.com were worth $34,317,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMZN. Ellsworth Advisors LLC grew its stake in shares of Amazon.com by 8.5% during the 3rd quarter. Ellsworth Advisors LLC now owns 1,739 shares of the e-commerce giant’s stock valued at $324,000 after purchasing an additional 136 shares during the period. Drake & Associates LLC boosted its holdings in shares of Amazon.com by 22.3% in the third quarter. Drake & Associates LLC now owns 6,977 shares of the e-commerce giant’s stock worth $1,300,000 after buying an additional 1,273 shares during the last quarter. Trust Co. of Vermont grew its position in Amazon.com by 2.2% during the third quarter. Trust Co. of Vermont now owns 314,803 shares of the e-commerce giant’s stock valued at $58,657,000 after buying an additional 6,720 shares during the period. Secure Asset Management LLC increased its holdings in Amazon.com by 7.7% during the third quarter. Secure Asset Management LLC now owns 49,478 shares of the e-commerce giant’s stock valued at $9,219,000 after buying an additional 3,521 shares during the last quarter. Finally, Marshall Financial Group LLC raised its position in Amazon.com by 49.3% in the third quarter. Marshall Financial Group LLC now owns 10,595 shares of the e-commerce giant’s stock worth $1,974,000 after acquiring an additional 3,497 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Maxim Group upped their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group upped their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Jefferies Financial Group lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JMP Securities lifted their price target on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $235.45.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $202.61 on Monday. The stock has a 50 day moving average price of $191.16 and a 200-day moving average price of $185.81. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current 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.