Amazon.com, Inc. (NASDAQ:AMZN) is Trinity Street Asset Management LLP’s 6th Largest Position

Trinity Street Asset Management LLP lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,788 shares of the e-commerce giant’s stock after selling 20,703 shares during the quarter. Amazon.com comprises about 3.4% of Trinity Street Asset Management LLP’s portfolio, making the stock its 6th largest position. Trinity Street Asset Management LLP’s holdings in Amazon.com were worth $34,178,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. 25 LLC grew its position in Amazon.com by 13.2% in the 4th quarter. 25 LLC now owns 5,620 shares of the e-commerce giant’s stock valued at $1,233,000 after acquiring an additional 655 shares during the last quarter. Sax Wealth Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $5,949,000. Merit Financial Group LLC increased its stake in Amazon.com by 37.9% in the 4th quarter. Merit Financial Group LLC now owns 283,663 shares of the e-commerce giant’s stock worth $62,233,000 after buying an additional 77,972 shares during the period. Grant GrossMendelsohn LLC lifted its holdings in Amazon.com by 10.0% during the 4th quarter. Grant GrossMendelsohn LLC now owns 3,977 shares of the e-commerce giant’s stock valued at $873,000 after buying an additional 361 shares in the last quarter. Finally, Walker Asset Management LLC boosted its position in Amazon.com by 2.0% in the 4th quarter. Walker Asset Management LLC now owns 8,502 shares of the e-commerce giant’s stock valued at $1,865,000 after buying an additional 167 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 1.3 %

Shares of Amazon.com stock opened at $237.68 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The firm has a market capitalization of $2.50 trillion, a PE ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14. The firm’s 50-day moving average price is $223.02 and its 200 day moving average price is $198.55.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. UBS Group lifted their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Redburn Atlantic upped their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.33.

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.