TriaGen Wealth Management LLC Lowers Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

TriaGen Wealth Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 46.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,039 shares of the e-commerce giant's stock after selling 6,899 shares during the period. TriaGen Wealth Management LLC's holdings in Amazon.com were worth $1,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com in the third quarter worth $37,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the first quarter worth $69,000. Finally, Innealta Capital LLC purchased a new position in Amazon.com during the second quarter valued at $77,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMZN shares. Sanford C. Bernstein lifted their target price on Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Robert W. Baird lifted their target price on Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. DA Davidson reiterated a "buy" rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Loop Capital lifted their target price on Amazon.com from $225.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $235.77.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock worth $1,249,093,896 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 1.8 %

Shares of AMZN traded down $3.64 during midday trading on Wednesday, reaching $200.97. 17,730,260 shares of the stock were exchanged, compared to its average volume of 41,455,887. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $192.19 and its two-hundred day moving average is $186.06. The company has a market capitalization of $2.11 trillion, a P/E ratio of 43.07, a PEG ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $141.50 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The company's revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 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.