Trinity Financial Advisors LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Trinity Financial Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,626 shares of the e-commerce giant’s stock after buying an additional 90 shares during the period. Trinity Financial Advisors LLC’s holdings in Amazon.com were worth $682,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMZN. Meritas Wealth Management LLC increased its stake in Amazon.com by 6.9% during the 3rd quarter. Meritas Wealth Management LLC now owns 3,976 shares of the e-commerce giant’s stock valued at $741,000 after purchasing an additional 256 shares in the last quarter. Unique Wealth LLC grew its holdings in shares of Amazon.com by 4.4% during the third quarter. Unique Wealth LLC now owns 6,510 shares of the e-commerce giant’s stock valued at $1,214,000 after buying an additional 276 shares during the last quarter. Czech National Bank grew its holdings in shares of Amazon.com by 9.0% during the third quarter. Czech National Bank now owns 1,902,873 shares of the e-commerce giant’s stock valued at $354,562,000 after buying an additional 157,761 shares during the last quarter. AMF Tjanstepension AB increased its position in shares of Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Finally, Boltwood Capital Management raised its holdings in Amazon.com by 5.8% in the 3rd quarter. Boltwood Capital Management now owns 14,702 shares of the e-commerce giant’s stock worth $2,739,000 after acquiring an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 3.3 %

Shares of Amazon.com stock opened at $186.40 on Friday. Amazon.com, Inc. has a twelve month low of $131.71 and a twelve month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $184.40 and a 200-day moving average price of $183.65. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 44.59, a PEG ratio of 1.38 and a beta of 1.14.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Jefferies Financial Group reduced their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research note on Thursday, October 24th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Two equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $236.76.

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.