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

Trust Investment Advisors has significantly increased its investment in Amazon.com, Inc. (NASDAQ:AMZN), raising its position by a remarkable 96.1% during the second quarter of the year. According to the latest disclosure submitted to the Securities & Exchange Commission, the fund now owns a total of 2,745 shares of the prominent e-commerce company, after acquiring an additional 1,345 shares in this period. As per the most recent filing, Trust Investment Advisors' holdings in Amazon.com are valued at approximately $530,000.

In addition to Trust Investment Advisors, other institutional investors have also adjusted their stakes in Amazon.com. For instance, PayPay Securities Corp increased its holdings by 64.6% during the same quarter, bringing its total to 163 shares, worth around $32,000. Christopher J. Hasenberg Inc made a notably larger adjustment, boosting its position by 650% to own 300 shares valued at $58,000. Furthermore, Steph & Co. established a new investment in Amazon in the first quarter, valued at about $65,000, while Koesten Hirschmann & Crabtree Inc also acquired a new stake worth approximately $69,000. Another institutional player, Innealta Capital LLC, purchased a new stake valued at approximately $77,000 in the second quarter. Overall, institutional investors now own about 72.20% of Amazon.com’s stock.

New Price Targets by Analysts

Several financial analysts have provided updates on their price targets for Amazon.com shares recently. Stifel Nicolaus lowered its target from $228.00 to $224.00 while maintaining a “buy” rating. Conversely, Wells Fargo & Company downgraded its rating from “overweight” to “equal weight” and reduced the price target from $225.00 to $183.00. Bank of America followed suit, decreasing its price target from $220.00 to $210.00 but keeping a “buy” rating. On a more positive note, Truist Financial increased its price target from $230.00 to $265.00, endorsing a “buy” rating. Jefferies Financial Group also adjusted its target from $235.00 to $225.00 while maintaining a “buy” rating. Overall, the consensus indicates that the stock is rated with 42 buy ratings, two hold ratings, and one strong buy rating, leading to an average rating of “Moderate Buy” with a target price of $236.78 according to MarketBeat.

Stock Performance Overview

As of the latest trading session, Amazon.com stock opened at $188.99. Over the past year, the stock reached a low of $118.35 and a high of $201.20. Its market capitalization stands at approximately $1.97 trillion. Financial ratios indicate a P/E ratio of 52.94, a PEG ratio of 1.38, and a beta of 1.14. Additionally, Amazon has a fifty-day simple moving average of $181.98 and a two-hundred-day moving average of $183.42, along with a quick ratio of 0.88 and a current ratio of 1.10. The company's debt-to-equity ratio remains low at 0.23.

On August 1, Amazon.com released its quarterly earnings report, reporting an earnings per share (EPS) of $1.23, which exceeded analysts' predictions of $1.05 by $0.18. The company's net profit margin stood at 7.35%, with a return on equity of 21.39%. During the quarter, Amazon achieved revenues of $147.98 billion, which was slightly below analysts' expectations of $148.63 billion. Analysts project an average EPS of $4.85 for the current fiscal year.

Insider Transactions

In recent insider trading activities, David Zapolsky, a senior vice president, sold 2,190 shares of Amazon stock on September 24 at an average price of $195.00, amounting to a total of $427,050. Following this transaction, Zapolsky retains ownership of 62,420 shares valued at approximately $12,171,900, reflecting no change in his position percentage-wise. Similarly, VP Shelley Reynolds sold 3,791 shares on August 21 at an average price of $181.04, totaling $686,322.64, and now owns 121,461 shares valued at around $21,989,299. Notably, recent insider sales totaled 54,355 shares worth $9,877,423. It is important to note that insiders collectively own about 10.80% of Amazon's stock.

Company Profile of Amazon.com

Amazon.com, Inc. is a major player in the retail sector, engaging in the online and physical sale of consumer products, as well as offering advertising and subscription services. The company operates three main segments: North America, International, and Amazon Web Services (AWS). In addition to retail operations, Amazon also manufactures and sells a variety of electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo devices, Ring, Blink, and eero, and is involved in content development and production.

Investment, Amazon, Shares