Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Tlwm

Tlwm boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,405 shares of the e-commerce giant’s stock after purchasing an additional 292 shares during the period. Amazon.com comprises approximately 0.5% of Tlwm’s portfolio, making the stock its 16th largest position. Tlwm’s holdings in Amazon.com were worth $2,722,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. McNaughton Wealth Management LLC grew its stake in Amazon.com by 1.6% during the 4th quarter. McNaughton Wealth Management LLC now owns 7,026 shares of the e-commerce giant’s stock worth $1,541,000 after purchasing an additional 112 shares in the last quarter. Cardinal Point Capital Management ULC raised its holdings in Amazon.com by 88.0% in the fourth quarter. Cardinal Point Capital Management ULC now owns 11,116 shares of the e-commerce giant’s stock valued at $2,439,000 after acquiring an additional 5,203 shares in the last quarter. Wallace Advisory Group LLC grew its holdings in Amazon.com by 1.1% during the 4th quarter. Wallace Advisory Group LLC now owns 27,247 shares of the e-commerce giant’s stock worth $5,978,000 after acquiring an additional 292 shares in the last quarter. Cypress Financial Planning LLC raised its holdings in shares of Amazon.com by 2.0% in the 4th quarter. Cypress Financial Planning LLC now owns 6,729 shares of the e-commerce giant’s stock valued at $1,476,000 after purchasing an additional 131 shares in the last quarter. Finally, Tuttle Capital Management LLC lifted its position in shares of Amazon.com by 34.6% during the 4th quarter. Tuttle Capital Management LLC now owns 2,272 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AMZN shares. TD Cowen lifted their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Loop Capital boosted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Telsey Advisory Group lifted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group upped their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.02.

Amazon.com Price Performance

AMZN stock opened at $234.85 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $236.40. The stock has a 50-day simple moving average of $220.27 and a 200-day simple moving average of $197.47. The firm has a market cap of $2.47 trillion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

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.