Tritonpoint Wealth LLC Acquires New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Tritonpoint Wealth LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 185,407 shares of the e-commerce giant’s stock, valued at approximately $28,171,000. Amazon.com makes up 2.7% of Tritonpoint Wealth LLC’s portfolio, making the stock its 5th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares during the last quarter. FMR LLC boosted its position in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Jennison Associates LLC grew its stake in Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Amazon.com in the third quarter worth about $610,138,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.5 %

Shares of Amazon.com stock opened at $177.23 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The firm has a market capitalization of $1.84 trillion, a PE ratio of 61.11, a P/E/G ratio of 1.52 and a beta of 1.17. The firm’s 50-day moving average price is $177.38 and its 200 day moving average price is $157.63.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Barclays lifted their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Telsey Advisory Group restated an “outperform” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, March 27th. Finally, UBS Group lifted their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $202.80.

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.