Triangle Securities Wealth Management Has $3.28 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Triangle Securities Wealth Management boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,173 shares of the e-commerce giant’s stock after purchasing an additional 346 shares during the quarter. Amazon.com comprises approximately 0.9% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 27th largest holding. Triangle Securities Wealth Management’s holdings in Amazon.com were worth $3,278,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AMZN. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,338 shares of company stock valued at $11,894,344. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMZN shares. Mizuho increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Loop Capital increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Truist Financial increased their price objective on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Roth Mkm reiterated a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $215.37.

Amazon.com Trading Up 1.6 %

NASDAQ:AMZN opened at $189.08 on Monday. The company has a 50-day moving average price of $182.78 and a 200-day moving average price of $171.73. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.96, a P/E/G ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the company posted $0.31 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Amazon.com 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.