Amazon.com, Inc. (NASDAQ:AMZN) shares sold by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 5.3% in the first quarter, according to the company’s latest disclosure with the Securities & Exchange Commission. The institutional investor held 27,376 shares of the e-commerce giant after selling 1,541 shares during the quarter. Amazon.com makes up 3.1% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its fifth-largest holding. Trivant Custom Portfolio Group LLC’s stake in Amazon.com was worth $4,938,000, according to the company’s latest filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their holdings in the company. ShoreHaven Wealth Partners LLC increased its stake in Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares during the period. O Dell Group LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares during the period. Ballew Advisors Inc increased its holdings in Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its position in shares of Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Internal activity

In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The transaction was disclosed in legal documents filed with the SEC, which can be accessed through the SEC’s website . In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available at this hyperlink . Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction value of $292,804,474.96. Following the transaction, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. Disclosure of this sale can be found here . During the last quarter, insiders sold 1,532,985 shares of the company’s stock, valued at $305,578,679. 10.80% of the shares are owned by company insiders.

Analysts set new price targets

Several research analysts have recently commented on the stock. UBS Group raised their price target on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. JPMorgan Chase & Co. raised 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, May 1. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18. Finally, Wells Fargo & Company raised their price target on Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a research note on Friday, June 28. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the stock a “strong buy” rating. The stock currently has a consensus rating of “Buy” and a consensus price target of $215.86 based on data from MarketBeat.

Check out our latest report on AMZN

Amazon.com Price Performance

NASDAQ:AMZN opened at $200.00 on Friday. The company has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.41, and a beta of 1.15. The company’s 50 day average price is $185.99, and its 200 day average price is $174.63. The one-year low of Amazon.com, Inc.’s stock is $118.35, and the one-year high is $200.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07, and a current ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s quarterly revenue increased 12.5% ​​year-over-year. During the same quarter last year, the company earned $0.31 earnings per share. Equity analysts expect Amazon.com, Inc. to report $4.72 earnings per share for the current year.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Featured Articles

Get daily news and reviews for Amazon.com – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Amazon.com and related companies in MarketBeat.com’s FREE daily newsletter.