True Wealth Design LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

True Wealth Design LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,696 shares of the e-commerce giant’s stock after purchasing an additional 252 shares during the quarter. Amazon.com comprises about 0.1% of True Wealth Design LLC’s holdings, making the stock its 22nd biggest holding. True Wealth Design LLC’s holdings in Amazon.com were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Keeler Thomas Management LLC raised its holdings in Amazon.com by 6.9% in the second quarter. Keeler Thomas Management LLC now owns 20,996 shares of the e-commerce giant’s stock worth $4,057,000 after purchasing an additional 1,361 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its position in shares of Amazon.com by 12.1% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 33,354 shares of the e-commerce giant’s stock worth $6,446,000 after buying an additional 3,601 shares during the period. Inlet Private Wealth LLC increased its stake in shares of Amazon.com by 3.0% in the 2nd quarter. Inlet Private Wealth LLC now owns 6,554 shares of the e-commerce giant’s stock worth $1,267,000 after acquiring an additional 192 shares in the last quarter. Harbour Trust & Investment Management Co lifted its position in Amazon.com by 28.9% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 13,894 shares of the e-commerce giant’s stock valued at $2,685,000 after acquiring an additional 3,115 shares during the period. Finally, Trust Co. of Oklahoma boosted its stake in Amazon.com by 0.7% during the second quarter. Trust Co. of Oklahoma now owns 22,874 shares of the e-commerce giant’s stock worth $4,420,000 after acquiring an additional 153 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.0 %

Amazon.com stock opened at $222.13 on Friday. Amazon.com, Inc. has a 12-month low of $148.21 and a 12-month high of $233.00. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 47.57, a P/E/G ratio of 1.54 and a beta of 1.14. The firm has a 50 day moving average of $215.78 and a 200 day moving average of $195.11. 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 (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research 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 analyst reports. Maxim Group raised their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Tigress Financial boosted their target price on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Bank of America raised their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities upped their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $243.67.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % 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. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. 10.80% of the stock is currently 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.