Tarbox Family Office Inc. Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tarbox Family Office Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,027 shares of the e-commerce giant’s stock after buying an additional 1,031 shares during the period. Amazon.com makes up approximately 0.3% of Tarbox Family Office Inc.’s portfolio, making the stock its 29th largest position. Tarbox Family Office Inc.’s holdings in Amazon.com were worth $1,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. lifted its position in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC lifted its position in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares during the last quarter. Tradewinds LLC. purchased a new stake in shares of Amazon.com during the 1st quarter worth $8,259,000. Private Management Group Inc. lifted its position in shares of Amazon.com by 8.0% during the 1st quarter. Private Management Group Inc. now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 225 shares during the last quarter. Finally, Fortis Capital Advisors LLC lifted its position in shares of Amazon.com by 30.2% during the 1st quarter. Fortis Capital Advisors LLC now owns 39,247 shares of the e-commerce giant’s stock worth $7,079,000 after purchasing an additional 9,104 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMZN shares. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research note on Friday, August 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Stock Performance

Shares of AMZN stock opened at $207.89 on Friday. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a 50 day moving average price of $194.78 and a 200 day moving average price of $186.94. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 analyst estimates of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.