Trust Investment Advisors Increases Stake in Amazon.com

Trust Investment Advisors has significantly increased its investment in Amazon.com, Inc. (NASDAQ:AMZN), growing its holdings by an impressive 96.1% during the second quarter of the year. According to recent filings with the Securities and Exchange Commission (SEC), Trust Investment Advisors now owns 2,745 shares of the renowned e-commerce company after acquiring an additional 1,345 shares in the last quarter. The total value of its Amazon holdings is approximately $530,000 based on the latest SEC disclosures.

In addition to Trust Investment Advisors, several other institutional investors have also adjusted their positions in Amazon. For instance, PayPay Securities Corp increased its stake in the company by 64.6% during the second quarter, bringing its total ownership to 163 shares valued at $32,000 after purchasing an extra 64 shares. Meanwhile, Christopher J. Hasenberg Inc witnessed a dramatic increase of 650.0%, growing its holdings to 300 shares worth $58,000 after buying an additional 260 shares. Other notable contributions include new stakes from Steph & Co., valued at around $65,000, and Koesten Hirschmann & Crabtree INC., estimated at about $69,000. Finally, Innealta Capital LLC made a fresh investment in Amazon worth approximately $77,000 during the second quarter. Overall, institutional investors collectively hold 72.20% of the company's stock.

Recent Analyst Ratings

Recent reports from various brokerages offer a mixed outlook on Amazon's stock. Stifel Nicolaus has lowered its target price from $228.00 to $224.00 while maintaining a "buy" rating. Wells Fargo & Company changed its recommendation from "overweight" to "equal weight" and reduced its price target from $225.00 to $183.00. Bank of America also adjusted its target, decreasing it from $220.00 to $210.00 but keeping a "buy" rating intact. Conversely, Truist Financial raised its target price from $230.00 to $265.00 while maintaining a buy recommendation. Finally, Jefferies Financial Group lowered its projection from $235.00 to $225.00 with a continued buy stance. The general sentiment among equity research analysts reflects a preference for buying, with 42 analysts assigning a buy rating and one issuing a strong buy, while two have given a hold rating. The average rating on MarketBeat stands at "Moderate Buy" with a target price of $236.78.

Amazon's Stock Performance Overview

Amazon.com shares opened at $188.99 recently, with a 52-week trading range between a low of $118.35 and a high of $201.20. Currently, Amazon has a market capitalization of approximately $1.97 trillion, a price-to-earnings (P/E) ratio of 52.94, a price-to-earnings growth (PEG) ratio of 1.38, and a beta of 1.14. The company's fifty-day simple moving average is $181.98 and its two-hundred-day moving average is $183.42. Additionally, Amazon’s quick ratio is 0.88, its current ratio is 1.10, and its debt-to-equity ratio stands at 0.23.

In its latest quarterly earnings report, released on August 1st, Amazon.com announced earnings per share (EPS) of $1.23, outperforming analysts' expectations of $1.05 by $0.18. The company's net profit margin was recorded at 7.35%, with a return on equity of 21.39%. Amazon reported revenue of $147.98 billion, slightly below analysts' predictions of $148.63 billion. Currently, analysts anticipate that Amazon.com will report earnings per share of 4.85 for the ongoing fiscal year.

Insider Transactions

Regarding insider activity, Senior Vice President David Zapolsky recently sold 2,190 shares of Amazon stock on September 24th at an average price of $195.00, totaling approximately $427,050. Following this transaction, Zapolsky retains ownership of 62,420 shares valued around $12,171,900. Another notable transaction took place on August 21st when Vice President Shelley Reynolds sold 3,791 shares, garnering about $686,322.64, which reduced her stake to 121,461 shares valued around $21,989,299.44. Over the past three months, company insiders have collectively sold 54,355 shares worth nearly $9.88 million, indicating notable insider trading activity in the company, which retains about 10.80% of its stock ownership with insiders.

About Amazon.com, Inc.

Amazon.com, Inc. engages in a wide array of services that include retail sales of consumer products, advertising, and subscription services through both online and physical formats in North America and internationally. The company operates through three key segments: North America, International, and Amazon Web Services (AWS). Additionally, Amazon manufactures and sells various electronic devices such as Kindle e-readers, Fire tablets, and Echo smart speakers, and it also develops and produces media content.

Investment, Amazon, E-commerce