Trinity Legacy Partners LLC Acquires 1,198 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Trinity Legacy Partners LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,837 shares of the e-commerce giant’s stock after buying an additional 1,198 shares during the quarter. Amazon.com accounts for about 1.5% of Trinity Legacy Partners LLC’s holdings, making the stock its 17th biggest holding. Trinity Legacy Partners LLC’s holdings in Amazon.com were worth $6,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC lifted its stake in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares in the last quarter. Wulff Hansen & CO. raised its position in Amazon.com by 20,517.4% in the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after purchasing an additional 3,865,485 shares during the last quarter. National Pension Service boosted its stake in shares of Amazon.com by 15.9% during the third quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after purchasing an additional 2,321,786 shares in the last quarter. Finally, Granite Bay Wealth Management LLC grew its holdings in shares of Amazon.com by 6,590.8% during the second quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock worth $432,394,000 after purchasing an additional 2,318,713 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $232.93 on Tuesday. The firm has a market cap of $2.45 trillion, a P/E ratio of 49.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $202.70 and its 200-day moving average is $190.16. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Monday. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $240.67.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is owned by company insiders.

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.