True Link Financial Advisors LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

True Link Financial Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 151.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth approximately $27,266,582,000. GAMMA Investing LLC grew its position in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors lifted its holdings in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 384,124 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total transaction of $86,051,458.48. Following the sale, the insider directly owned 901,995,325 shares in the company, valued at $202,064,992,706.50. The trade was a 0.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

AMZN traded up $2.80 on Friday, reaching $225.06. 44,214,818 shares of the stock were exchanged, compared to its average volume of 42,097,614. 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 company's 50-day moving average price is $209.20 and its 200 day moving average price is $208.66. The firm has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Citizens Jmp assumed coverage on shares of Amazon.com in a report on Thursday. They issued a "strong-buy" rating for the company. Needham & Company LLC reissued a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, DA Davidson dropped their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $249.42.

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.