Triton Wealth Management PLLC Sells 1,003 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Triton Wealth Management PLLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,955 shares of the e-commerce giant’s stock after selling 1,003 shares during the quarter. Amazon.com accounts for about 3.0% of Triton Wealth Management PLLC’s portfolio, making the stock its 6th biggest holding. Triton Wealth Management PLLC’s holdings in Amazon.com were worth $4,642,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in shares of Amazon.com by 11.1% during the 3rd quarter. Sound Income Strategies LLC now owns 34,542 shares of the e-commerce giant’s stock worth $4,391,000 after acquiring an additional 3,450 shares during the period. Mayflower Financial Advisors LLC grew its position in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Amazon.com by 4.5% during the third quarter. Wealthcare Advisory Partners LLC now owns 59,576 shares of the e-commerce giant’s stock worth $7,573,000 after buying an additional 2,575 shares in the last quarter. McGuire Investment Group LLC grew its position in shares of Amazon.com by 3.3% during the third quarter. McGuire Investment Group LLC now owns 27,605 shares of the e-commerce giant’s stock worth $3,509,000 after buying an additional 885 shares in the last quarter. Finally, Wealthcare Capital Management LLC grew its position in shares of Amazon.com by 13.9% during the third quarter. Wealthcare Capital Management LLC now owns 3,632 shares of the e-commerce giant’s stock worth $462,000 after buying an additional 443 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AMZN. Raymond James boosted their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt upped their price target on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. BMO Capital Markets upped their price objective on Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Roth Mkm reissued a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a report on Tuesday, April 16th. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $203.13.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $179.54 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The business has a 50 day moving average price of $177.60 and a two-hundred day moving average price of $157.99. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.87 trillion, a PE ratio of 61.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17.

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

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other 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 value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

About Amazon.com

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.