Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Tsfg LLC

Tsfg LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,578 shares of the e-commerce giant’s stock after acquiring an additional 766 shares during the quarter. Amazon.com comprises approximately 1.8% of Tsfg LLC’s investment portfolio, making the stock its 15th largest holding. Tsfg LLC’s holdings in Amazon.com were worth $8,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PFW Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth about $1,348,000. Marion Wealth Management raised its stake in shares of Amazon.com by 177.2% in the fourth quarter. Marion Wealth Management now owns 14,096 shares of the e-commerce giant’s stock worth $3,093,000 after purchasing an additional 9,011 shares during the last quarter. Peddock Capital Advisors LLC lifted its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Peddock Capital Advisors LLC now owns 16,850 shares of the e-commerce giant’s stock worth $3,697,000 after purchasing an additional 466 shares during the period. Miracle Mile Advisors LLC boosted its position in Amazon.com by 42.3% in the fourth quarter. Miracle Mile Advisors LLC now owns 304,569 shares of the e-commerce giant’s stock valued at $66,819,000 after buying an additional 90,611 shares during the last quarter. Finally, Northstar Advisory Group LLC increased its holdings in Amazon.com by 72.5% in the 4th quarter. Northstar Advisory Group LLC now owns 37,182 shares of the e-commerce giant’s stock worth $8,157,000 after buying an additional 15,627 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.2 %

Shares of AMZN stock opened at $234.85 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $236.40. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.29, a PEG ratio of 1.31 and a beta of 1.14. The company’s 50-day moving average price is $219.63 and its 200-day moving average price is $197.22. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Oppenheimer upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Mizuho upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Rosenblatt Securities lifted their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Piper Sandler lifted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.02.

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.