Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Triad Wealth Partners LLC

Triad Wealth Partners LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,149 shares of the e-commerce giant's stock after acquiring an additional 3,123 shares during the period. Amazon.com accounts for about 1.3% of Triad Wealth Partners LLC's investment portfolio, making the stock its 18th largest position. Triad Wealth Partners LLC's holdings in Amazon.com were worth $3,543,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC boosted its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Compass Planning Associates Inc purchased a new position in Amazon.com during the fourth quarter worth approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com during the fourth quarter worth approximately $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Amazon.com stock traded up $20.44 during midday trading on Wednesday, reaching $191.10. 116,421,045 shares of the stock traded hands, compared to its average volume of 41,420,713. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.03 trillion, a price-to-earnings ratio of 34.56, a PEG ratio of 1.50 and a beta of 1.39. The firm has a fifty day moving average price of $206.49 and a two-hundred day moving average price of $208.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMZN. The Goldman Sachs Group increased their target price on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Bank of America reduced their price objective on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday. Citigroup reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, April 3rd. DA Davidson lifted their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Two equities research analysts have 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $259.04.

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.