Trinity Legacy Partners LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Trinity Legacy Partners LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,573 shares of the e-commerce giant’s stock after acquiring an additional 4,069 shares during the period. Amazon.com accounts for 1.7% of Trinity Legacy Partners LLC’s portfolio, making the stock its 26th largest holding. Trinity Legacy Partners LLC’s holdings in Amazon.com were worth $4,898,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. First Affirmative Financial Network grew its stake in Amazon.com by 17.3% during the second quarter. First Affirmative Financial Network now owns 6,048 shares of the e-commerce giant’s stock valued at $788,000 after acquiring an additional 890 shares in the last quarter. Versant Capital Management Inc grew its stake in Amazon.com by 15.3% during the second quarter. Versant Capital Management Inc now owns 4,047 shares of the e-commerce giant’s stock valued at $528,000 after acquiring an additional 538 shares in the last quarter. City State Bank lifted its position in Amazon.com by 1.6% during the second quarter. City State Bank now owns 16,582 shares of the e-commerce giant’s stock valued at $2,162,000 after purchasing an additional 260 shares during the last quarter. Foster Group Inc. lifted its position in Amazon.com by 9.6% during the second quarter. Foster Group Inc. now owns 10,141 shares of the e-commerce giant’s stock valued at $1,322,000 after purchasing an additional 889 shares during the last quarter. Finally, Quent Capital LLC lifted its position in Amazon.com by 3.0% during the second quarter. Quent Capital LLC now owns 28,331 shares of the e-commerce giant’s stock valued at $3,693,000 after purchasing an additional 825 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Susquehanna increased their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, August 4th. StockNews.com lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday. BNP Paribas upgraded shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a research report on Friday, August 4th. Piper Sandler increased their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Finally, Jefferies Financial Group increased their price objective on shares of Amazon.com from $135.00 to $150.00 in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.22.

Amazon.com Trading Down 0.3 %

NASDAQ AMZN opened at $139.98 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.44 trillion, a PE ratio of 110.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. The company has a 50 day moving average price of $135.07 and a 200 day moving average price of $119.43. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the sale, the chief executive officer now owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The disclosure for this sale can be found here. Insiders sold a total of 1,408,645 shares of company stock worth $55,216,743 in the last 90 days. 12.30% of the stock is owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.