Trust Investment Advisors Increases Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Trust Investment Advisors significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 96.1% in the second quarter, as noted in its latest filing with the Securities and Exchange Commission (SEC). The firm now holds 2,745 shares of the prominent e-commerce company after acquiring an additional 1,345 shares during this period. As of the most recent filing, Trust Investment Advisors' holdings in Amazon.com are valued at approximately $530,000.

Other institutional investors have also been active in adjusting their positions in Amazon.com. For instance, PayPay Securities Corp raised its stake by 64.6% during the same quarter, now owning 163 shares valued at $32,000 after buying an extra 64 shares. Similarly, Christopher J. Hasenberg Inc increased its holdings by an impressive 650.0%, now possessing 300 shares worth $58,000 after adding 260 shares in the last quarter.

In addition, Steph & Co. entered into a new investment in Amazon during the first quarter valued at about $65,000, while Koesten Hirschmann & Crabtree Inc made a new investment valued at approximately $69,000. Innealta Capital LLC also joined in the second quarter with a stake worth around $77,000. Overall, hedge funds and institutional investors together hold about 72.20% of the company's shares.

Recent Analyst Reports

Several brokerages have recently provided updates on Amazon's stock. Stifel Nicolaus reduced its target price for Amazon shares from $228.00 to $224.00, maintaining a “buy” rating in their report dated August 2nd. Wells Fargo & Company changed its rating from “overweight” to “equal weight” and lowered its target price from $225.00 to $183.00 as of October 7th. Bank of America also lowered its price target from $220.00 to $210.00 while keeping a “buy” rating in their report from August 2nd.

In contrast, Truist Financial raised their price target from $230.00 to $265.00, reaffirming a “buy” rating in a report released on September 30th. Jefferies Financial Group adjusted its price target from $235.00 to $225.00 while maintaining a “buy” rating as of August 2nd. The stock has received generally favorable ratings, with two analysts giving it a hold rating, forty-two assigning a buy rating, and one giving it a strong buy rating. According to MarketBeat, Amazon.com holds an average rating of “Moderate Buy” with an average target price set at $236.78.

Amazon's Stock Performance

On Friday, shares of NASDAQ:AMZN opened at $188.99. The stock's 52-week low is $118.35, while the high stands at $201.20. Amazon.com has a market capitalization of about $1.97 trillion, with a P/E ratio of 52.94, a PEG ratio of 1.38, and a beta of 1.14. The fifty-day simple moving average for the stock is $181.98, and the two-hundred-day simple moving average is $183.42. The company has a quick ratio of 0.88, a current ratio of 1.10, and a debt-to-equity ratio of 0.23.

In its latest quarterly earnings report released on August 1st, Amazon posted earnings per share (EPS) of $1.23, exceeding the analysts’ consensus estimate of $1.05 by $0.18. The company reported a net margin of 7.35% and a return on equity of 21.39%. Revenue for the quarter reached $147.98 billion, slightly below analysts' expectations of $148.63 billion. Forecasts suggest that Amazon.com, Inc. will achieve an EPS of 4.85 for the current fiscal year.

Insider Trading Activities

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com on September 24th, with the shares sold at an average price of $195.00, totaling approximately $427,050. Following this transaction, Zapolsky now holds 62,420 shares valued at around $12,171,900. This sale reflects no change in his ownership percentage. Details of the transaction were disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC's website.

Moreover, VP Shelley Reynolds sold 3,791 shares of Amazon.com on August 21st at an average price of $181.04, amounting to $686,322.64. Post-transaction, she owns 121,461 shares valued at about $21,989,299. The recent insider sales amounted to 54,355 shares valued at approximately $9,877,423, with company insiders holding about 10.80% of Amazon's total stock.

About Amazon.com, Inc.

Amazon.com, Inc. is involved in retailing a wide range of consumer products, offering advertising services and subscription options, both online and in physical locations across North America and globally. The company operates through three main segments: North America, International, and Amazon Web Services (AWS). Additionally, Amazon manufactures and sells electronic devices like Kindle, Fire tablets, Echo, Ring, and Blink, as well as creating media content.

Investment, Amazon, Stocks