True Link Financial Advisors LLC Has $585,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

True Link Financial Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 151.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,073 shares of the e-commerce giant's stock after purchasing an additional 1,849 shares during the quarter. True Link Financial Advisors LLC's holdings in Amazon.com were worth $585,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMZN. Momentous Wealth Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $749,000. Segall Bryant & Hamill LLC boosted its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC bought a new stake in Amazon.com in the 4th quarter valued at $12,014,000. Evergreen Capital Management LLC boosted its holdings in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Rosenblatt Securities raised their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company raised their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Stifel Nicolaus reduced their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.41.

Amazon.com Trading Up 1.4%

Amazon.com stock traded up $3.18 during midday trading on Wednesday, hitting $222.54. 38,034,550 shares of the stock were exchanged, compared to its average volume of 42,037,661. The company has a fifty day simple moving average of $207.80 and a two-hundred day simple moving average of $208.58. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market capitalization of $2.36 trillion, a PE ratio of 36.24, a P/E/G ratio of 1.68 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating 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 firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,401,408 shares of company stock worth $1,423,159,137. 10.80% of the stock is currently owned by insiders.

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.