Amazon.com, Inc. (NASDAQ:AMZN) Holdings Decreased by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 176,420 shares of the e-commerce giant’s stock after selling 3,136 shares during the period. Amazon.com makes up about 3.5% of Tritonpoint Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Tritonpoint Wealth LLC’s holdings in Amazon.com were worth $38,705,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AMZN. Rench Wealth Management Inc. grew its holdings in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Blankinship & Foster LLC increased its stake in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank grew its stake in Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after acquiring an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC bought a new position in shares of Amazon.com during the 4th quarter worth $4,270,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,852 shares of company stock worth $9,324,151 in the last quarter. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Raymond James boosted their target price on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Sanford C. Bernstein increased their target price on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Stock Down 2.8 %

Shares of AMZN stock opened at $216.58 on Monday. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock’s 50 day simple moving average is $227.88 and its 200 day simple moving average is $204.55. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.