Truvestments Capital LLC Sells 937 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Truvestments Capital LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,483 shares of the e-commerce giant’s stock after selling 937 shares during the quarter. Truvestments Capital LLC’s holdings in Amazon.com were worth $1,072,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. United Services Automobile Association grew its stake in Amazon.com by 4.5% in the third quarter. United Services Automobile Association now owns 340,458 shares of the e-commerce giant’s stock worth $38,472,000 after purchasing an additional 14,508 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in shares of Amazon.com by 270.5% during the 3rd quarter. Verus Capital Partners LLC now owns 304,119 shares of the e-commerce giant’s stock valued at $34,365,000 after purchasing an additional 222,034 shares during the last quarter. Verity Asset Management Inc. purchased a new stake in shares of Amazon.com during the 3rd quarter valued at $836,000. Greenwood Gearhart Inc. lifted its holdings in shares of Amazon.com by 6.2% during the 3rd quarter. Greenwood Gearhart Inc. now owns 82,873 shares of the e-commerce giant’s stock valued at $9,365,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Tiemann Investment Advisors LLC raised its stake in Amazon.com by 4.9% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 17,720 shares of the e-commerce giant’s stock worth $2,002,000 after acquiring an additional 820 shares during the last quarter. 57.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock valued at $6,994,626 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $94.88 on Wednesday. The company has a 50-day simple moving average of $96.20 and a 200-day simple moving average of $101.99. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a market capitalization of $972.26 billion, a price-to-earnings ratio of -351.41, a PEG ratio of 3.74 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 1.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wedbush reduced their target price on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. UBS Group increased their price target on Amazon.com from $118.00 to $127.00 in a research report on Friday, February 3rd. Evercore ISI raised their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Rosenblatt Securities raised their target price on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Finally, New Street Research started coverage on shares of Amazon.com in a research note on Wednesday, January 4th. They issued a “buy” rating and a $130.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.