Triton Wealth Management PLLC Has $5.63 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Triton Wealth Management PLLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,324 shares of the e-commerce giant’s stock after selling 313 shares during the quarter. Amazon.com accounts for about 3.2% of Triton Wealth Management PLLC’s portfolio, making the stock its 7th largest position. Triton Wealth Management PLLC’s holdings in Amazon.com were worth $5,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Phillips Wealth Planners LLC increased its holdings in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after acquiring an additional 14,766 shares during the last quarter. Stonekeep Investments LLC acquired a new position in Amazon.com in the 2nd quarter worth about $2,588,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares during the last quarter. Finally, Rockport Wealth LLC raised its position in Amazon.com by 2,240.6% in the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock valued at $14,832,000 after purchasing an additional 73,470 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Evercore ISI restated an “outperform” rating and issued a $240.00 price objective on shares of Amazon.com in a report on Friday, October 11th. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $236.76.

Amazon.com Stock Performance

Shares of AMZN stock opened at $186.40 on Friday. Amazon.com, Inc. has a one year low of $131.71 and a one year high of $201.20. The company has a market cap of $1.96 trillion, a P/E ratio of 44.59, a P/E/G ratio of 1.38 and a beta of 1.14. The firm has a 50-day moving average of $184.40 and a 200-day moving average of $183.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities research analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by company insiders.

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.