TruWealth Advisors LLC Purchases 1,080 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TruWealth Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,173 shares of the e-commerce giant’s stock after acquiring an additional 1,080 shares during the period. Amazon.com comprises about 2.1% of TruWealth Advisors LLC’s portfolio, making the stock its 13th largest position. TruWealth Advisors LLC’s holdings in Amazon.com were worth $34,317,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Legal & General Group Plc raised its position in shares of Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after acquiring an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after purchasing an additional 289,532 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after purchasing an additional 295,132 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMZN shares. Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $225.00 to $183.00 in a report on Monday, October 7th. Finally, Roth Mkm raised their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.45.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $202.61 on Monday. The firm has a market cap of $2.13 trillion, a PE ratio of 43.39, a P/E/G ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $191.16 and a 200 day moving average price of $185.81.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Amazon.com Company 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.