Trinity Financial Advisors LLC Makes New $272,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Trinity Financial Advisors LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,410 shares of the e-commerce giant’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Quattro Financial Advisors LLC boosted its position in Amazon.com by 5.8% during the third quarter. Quattro Financial Advisors LLC now owns 91,600 shares of the e-commerce giant’s stock worth $10,351,000 after purchasing an additional 5,000 shares in the last quarter. City State Bank grew its holdings in Amazon.com by 4.8% in the third quarter. City State Bank now owns 18,500 shares of the e-commerce giant’s stock valued at $2,091,000 after purchasing an additional 855 shares during the period. FSM Wealth Advisors LLC grew its holdings in Amazon.com by 16.3% in the third quarter. FSM Wealth Advisors LLC now owns 11,858 shares of the e-commerce giant’s stock valued at $1,340,000 after purchasing an additional 1,659 shares during the period. High Net Worth Advisory Group LLC grew its holdings in Amazon.com by 6.7% in the third quarter. High Net Worth Advisory Group LLC now owns 23,780 shares of the e-commerce giant’s stock valued at $2,687,000 after purchasing an additional 1,500 shares during the period. Finally, Canal Capital Management LLC grew its holdings in Amazon.com by 3.7% in the third quarter. Canal Capital Management LLC now owns 35,145 shares of the e-commerce giant’s stock valued at $3,971,000 after purchasing an additional 1,247 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. Wedbush dropped their target price on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Royal Bank of Canada lowered their price target on Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Evercore ISI lowered their price target on Amazon.com from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, December 19th. Truist Financial lowered their price target on Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Finally, Piper Sandler lowered their price target on shares of Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $146.29.

Amazon.com Stock Up 3.0 %

AMZN stock opened at $98.12 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company’s 50 day moving average is $90.54 and its two-hundred day moving average is $110.68. The stock has a market cap of $1.00 trillion, a P/E ratio of 90.06, a PEG ratio of 3.09 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. In the last three months, insiders sold 52,428 shares of company stock valued at $5,077,578. Insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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