Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 179,752 shares of the e-commerce giant's stock after buying an additional 3,332 shares during the period. Amazon.com comprises approximately 3.3% of Tritonpoint Wealth LLC's holdings, making the stock its 2nd biggest position. Tritonpoint Wealth LLC's holdings in Amazon.com were worth $34,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter worth about $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMZN shares. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Bank of America boosted their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada dropped their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Piper Sandler restated an "overweight" rating and set a $212.00 price target (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $245.81.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the sale, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

AMZN stock opened at $223.30 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.34. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a 50 day moving average of $202.26 and a two-hundred day moving average of $208.72.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, equities analysts anticipate 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.

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