Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Raised by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 109,833 shares of the e-commerce giant’s stock after purchasing an additional 2,303 shares during the period. Amazon.com accounts for 4.8% of Trifecta Capital Advisors LLC’s holdings, making the stock its 5th biggest holding. Trifecta Capital Advisors LLC’s holdings in Amazon.com were worth $24,096,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mengis Capital Management Inc. grew its holdings in Amazon.com by 2.4% during the 4th quarter. Mengis Capital Management Inc. now owns 39,925 shares of the e-commerce giant’s stock valued at $8,759,000 after purchasing an additional 925 shares in the last quarter. Coyle Financial Counsel LLC boosted its position in Amazon.com by 5.3% in the 4th quarter. Coyle Financial Counsel LLC now owns 12,717 shares of the e-commerce giant’s stock valued at $2,790,000 after buying an additional 635 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Amazon.com by 1.2% during the fourth quarter. Addison Advisors LLC now owns 6,296 shares of the e-commerce giant’s stock valued at $1,381,000 after acquiring an additional 77 shares in the last quarter. Prasad Wealth Partners LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $8,754,000. Finally, BankPlus Trust Department acquired a new position in shares of Amazon.com in the fourth quarter worth about $3,974,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Scotiabank upped their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. TD Cowen increased their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. DA Davidson raised their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group increased their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $201.13 on Thursday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a fifty day moving average price of $217.91 and a two-hundred day moving average price of $208.80. The firm has a market cap of $2.13 trillion, a P/E ratio of 36.37, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

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.