Triad Wealth Partners LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Triad Wealth Partners LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,099 shares of the e-commerce giant's stock, valued at approximately $1,281,000. Amazon.com accounts for 1.0% of Triad Wealth Partners LLC's investment portfolio, making the stock its 18th biggest position.

A number of other large investors have also recently added to or reduced their stakes in the stock. Members Trust Co lifted its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant's stock worth $638,000 after buying an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC raised its stake in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant's stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp raised its stake in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant's stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Nicholas Company Inc. raised its stake in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant's stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant's stock valued at $825,065,000 after purchasing an additional 277,631 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the sale, the director now owns 104,400 shares of the company's stock, valued at approximately $19,836,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,132,396 shares of company stock valued at $356,770,280 over the last 90 days. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Piper Sandler upped their target price on Amazon.com from $205.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Evercore ISI upped their target price on Amazon.com from $220.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. BMO Capital Markets increased their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. The Goldman Sachs Group increased their price objective on Amazon.com from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Finally, UBS Group increased their price objective on Amazon.com from $215.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $211.62.

Amazon.com Trading Down 0.6 %

AMZN traded down $1.16 during midday trading on Monday, reaching $183.54. 30,471,712 shares of the company were exchanged, compared to its average volume of 43,509,477. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 51.41, a PEG ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock's 50-day simple moving average is $181.58 and its 200 day simple moving average is $165.23. Amazon.com, Inc. has a one year low of $113.78 and a one year high of $191.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com's revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share 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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