Timber Creek Capital Management LLC Acquires 1,388 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Timber Creek Capital Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 68,914 shares of the e-commerce giant’s stock after acquiring an additional 1,388 shares during the period. Amazon.com makes up approximately 3.6% of Timber Creek Capital Management LLC’s holdings, making the stock its 4th largest holding. Timber Creek Capital Management LLC’s holdings in Amazon.com were worth $12,841,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Icon Wealth Advisors LLC increased its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com during the third quarter valued at about $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at approximately $45,000. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter worth $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Tuesday, December 10th. Wells Fargo & Company reissued an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Oppenheimer raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark upped their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird raised their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Stock Up 0.0 %

Amazon.com stock opened at $222.13 on Friday. Amazon.com, Inc. has a fifty-two week low of $148.21 and a fifty-two week high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 47.57, a PEG ratio of 1.54 and a beta of 1.14. The company’s 50 day simple moving average is $215.78 and its 200 day simple moving average is $195.11.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com Company Profile

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.