True Link Financial Advisors LLC Acquires 1,849 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

True Link Financial Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 151.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com during the fourth quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $54,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,046,582 shares of Amazon.com stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $223.92, for a total transaction of $458,270,641.44. Following the transaction, the insider owned 902,480,530 shares of the company's stock, valued at $202,083,440,277.60. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,401,408 shares of company stock valued at $1,423,159,137. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.6%

NASDAQ:AMZN traded down $1.33 on Thursday, reaching $221.21. 9,711,329 shares of the stock traded hands, compared to its average volume of 41,952,743. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 35.99, a PEG ratio of 1.65 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company's fifty day simple moving average is $208.56 and its 200 day simple moving average is $208.68.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Rosenblatt Securities upped their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research note on Tuesday. Finally, BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $247.12.

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.