Triumph Capital Management Has $404,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Triumph Capital Management trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,234 shares of the e-commerce giant’s stock after selling 284 shares during the period. Triumph Capital Management’s holdings in Amazon.com were worth $404,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Convergence Investment Partners LLC lifted its position in Amazon.com by 3.2% in the 3rd quarter. Convergence Investment Partners LLC now owns 23,356 shares of the e-commerce giant’s stock valued at $2,969,000 after acquiring an additional 719 shares in the last quarter. Seven Post Investment Office LP boosted its position in shares of Amazon.com by 1.9% during the third quarter. Seven Post Investment Office LP now owns 4,300 shares of the e-commerce giant’s stock valued at $547,000 after buying an additional 80 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its holdings in Amazon.com by 0.5% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 622,157 shares of the e-commerce giant’s stock worth $79,089,000 after buying an additional 3,301 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Amazon.com by 17.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 14,426 shares of the e-commerce giant’s stock valued at $1,834,000 after buying an additional 2,182 shares during the last quarter. Finally, Platinum Investment Management Ltd. lifted its stake in Amazon.com by 209.9% during the 3rd quarter. Platinum Investment Management Ltd. now owns 22,613 shares of the e-commerce giant’s stock valued at $2,875,000 after acquiring an additional 15,315 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.1 %

AMZN traded up $0.17 during midday trading on Tuesday, reaching $187.23. 27,235,100 shares of the company’s stock traded hands, compared to its average volume of 42,160,086. The firm has a fifty day moving average of $182.79 and a two-hundred day moving average of $169.56. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.45, a P/E/G ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group lifted their price target on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Argus upped their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Tigress Financial increased their price target on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Truist Financial increased their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $213.82.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is currently owned by corporate insiders.

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.