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Trinity Financial Advisors LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com logo with Retail/Wholesale background

Trinity Financial Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 80.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,808 shares of the e-commerce giant's stock after acquiring an additional 3,035 shares during the quarter. Trinity Financial Advisors LLC's holdings in Amazon.com were worth $1,295,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMZN. Tallon Kerry Patrick bought a new stake in shares of Amazon.com in the 4th quarter valued at about $800,000. Capital & Planning LLC increased its position in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC raised its stake in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after buying an additional 860 shares during the period. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Amazon.com during the 4th quarter worth approximately $301,650,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group cut their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Royal Bank Of Canada dropped their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Citizens Jmp dropped their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $245.81.

View Our Latest Analysis on AMZN

Amazon.com Trading Up 2.8%

Shares of AMZN traded up $6.18 during trading hours on Friday, hitting $223.30. 119,060,979 shares of the stock were exchanged, compared to its average volume of 42,289,243. The business has a 50-day moving average of $201.25 and a 200-day moving average of $209.02. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 1.60 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the company posted $0.98 earnings per share. The business's quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the completion of the sale, the chief executive officer now directly owns 514,150 shares of the company's stock, valued at approximately $105,426,457.50. This represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% of the company's stock.

Amazon.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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