Trifecta Capital Advisors LLC Purchases 7,930 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Trifecta Capital Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,459 shares of the e-commerce giant’s stock after buying an additional 7,930 shares during the period. Amazon.com makes up 4.3% of Trifecta Capital Advisors LLC’s holdings, making the stock its 7th biggest holding. Trifecta Capital Advisors LLC’s holdings in Amazon.com were worth $17,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Amazon.com in the fourth quarter valued at $17,700,551,000. Vanguard Group Inc. increased its stake in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its stake in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. Global Assets Advisory LLC increased its stake in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after purchasing an additional 6,510,119 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Robert W. Baird boosted their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Finally, Bank of America boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $215.86.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,548 shares of company stock valued at $12,774,204. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $197.59 on Friday. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a PEG ratio of 1.43 and a beta of 1.15. 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 firm’s 50 day moving average is $185.10 and its 200 day moving average is $174.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $200.43.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share 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.