TriaGen Wealth Management LLC Has $2.55 Million Holdings in Amazon.com, Inc. $AMZN

TriaGen Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 38.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,634 shares of the e-commerce giant’s stock after purchasing an additional 3,230 shares during the period. TriaGen Wealth Management LLC’s holdings in Amazon.com were worth $2,554,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new position in Amazon.com during the 2nd quarter valued at about $27,000. Maryland Capital Advisors Inc. grew its holdings in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. Ryan Investment Management Inc. acquired a new stake in Amazon.com during the second quarter valued at $48,000. Cooksen Wealth LLC increased its position in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares during the last quarter. Finally, PayPay Securities Corp lifted its holdings in shares of Amazon.com by 62.3% during the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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Amazon.com Stock Performance

NASDAQ AMZN opened at $239.12 on Friday. The firm has a market cap of $2.56 trillion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.50 and a beta of 1.37. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a 50 day moving average of $232.46 and a 200-day moving average of $228.61. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a research note on Monday, December 29th. Wells Fargo & Company reiterated an “overweight” rating and issued a $301.00 target price (up from $295.00) on shares of Amazon.com in a research note on Monday, January 12th. UBS Group set a $300.00 price objective on Amazon.com in a research note on Friday, December 5th. The Goldman Sachs Group increased their price objective on Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $295.96.

Read Our Latest Stock Analysis on AMZN

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the transaction, the chief executive officer owned 505,934 shares in the company, valued at $117,993,927.48. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This represents a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 79,734 shares of company stock valued at $18,534,017 over the last three months. Insiders own 9.70% of the company’s stock.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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