Triasima Portfolio Management inc. Cuts Stock Position in Amazon.com, Inc. $AMZN

Triasima Portfolio Management inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 68.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,196 shares of the e-commerce giant’s stock after selling 11,530 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Amazon.com were worth $1,199,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Ascent Wealth Partners LLC increased its position in shares of Amazon.com by 1.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 45,772 shares of the e-commerce giant’s stock worth $10,565,000 after purchasing an additional 454 shares in the last quarter. Vista Capital Partners Inc. increased its position in shares of Amazon.com by 6.7% during the fourth quarter. Vista Capital Partners Inc. now owns 13,780 shares of the e-commerce giant’s stock worth $3,181,000 after purchasing an additional 865 shares in the last quarter. Fullerton Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $271,000. Leslie Global Wealth LLC increased its position in shares of Amazon.com by 1.5% during the fourth quarter. Leslie Global Wealth LLC now owns 5,594 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 84 shares in the last quarter. Finally, Gouws Capital LLC increased its position in shares of Amazon.com by 0.9% during the fourth quarter. Gouws Capital LLC now owns 42,154 shares of the e-commerce giant’s stock worth $9,730,000 after purchasing an additional 365 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 31,352 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $8,621,800.00. Following the transaction, the chief executive officer owned 2,175,766 shares of the company’s stock, valued at $598,335,650. This represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 195,774 shares of company stock worth $51,552,494. Company insiders own 8.90% of the company’s stock.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Investor sentiment remains constructive after multiple articles highlighted Amazon’s strong AI and AWS growth potential, margin expansion case, and bullish analyst views, including recent buy/overweight ratings and price targets well above current levels. Article Title
• Positive Sentiment: Amazon’s latest quarterly revenue of $181.5 billion, up 16.6% year over year, reinforces the view that the business is still expanding at a healthy pace. Article Title
• Positive Sentiment: The stock is also being included in broader market “buy zone” and AI-leader discussions, suggesting traders still see Amazon as a favored large-cap growth name. Article Title

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. HSBC boosted their price target on Amazon.com from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Susquehanna reiterated a “positive” rating and set a $325.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Morgan Stanley boosted their price target on Amazon.com from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Moffett Nathanson boosted their price target on Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.66.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $265.29 on Wednesday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The business’s fifty day simple moving average is $241.79 and its 200-day simple moving average is $231.93. The firm has a market cap of $2.85 trillion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.46. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.