Trinity Street Asset Management LLP Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Trinity Street Asset Management LLP lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,402 shares of the e-commerce giant’s stock after buying an additional 26,910 shares during the period. Amazon.com comprises 2.7% of Trinity Street Asset Management LLP’s portfolio, making the stock its 6th biggest holding. Trinity Street Asset Management LLP’s holdings in Amazon.com were worth $24,220,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Register Financial Advisors LLC increased its stake in Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after acquiring an additional 657 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after purchasing an additional 148 shares during the period. Cherrydale Wealth Management LLC grew its stake in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp lifted its position in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the period. Finally, Nicholas Company Inc. boosted its stake in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Canaccord Genuity Group lifted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Bank of America increased their price target on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $202.80.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 500 shares of the business’s 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 directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were 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 directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the transaction, the chief executive officer now owns 2,014,055 shares of the company’s stock, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 1.5 %

Shares of NASDAQ:AMZN opened at $177.23 on Tuesday. The company has a 50 day moving average price of $177.38 and a two-hundred day moving average price of $157.63. The company has a market capitalization of $1.84 trillion, a PE ratio of 61.11, a PEG ratio of 1.52 and a beta of 1.17. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

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.