TBH Global Asset Management LLC Buys 322 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TBH Global Asset Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,337 shares of the e-commerce giant’s stock after acquiring an additional 322 shares during the quarter. Amazon.com makes up 2.1% of TBH Global Asset Management LLC’s portfolio, making the stock its 10th biggest position. TBH Global Asset Management LLC’s holdings in Amazon.com were worth $8,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC boosted its holdings in Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the period. State Street Corp boosted its holdings in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC increased its stake in Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Amazon.com by 23,742.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after purchasing an additional 5,081,217 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.3 %

AMZN stock opened at $194.95 on Friday. The firm has a market cap of $2.07 trillion, a PE ratio of 35.25, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $219.36 and a 200 day simple moving average of $207.85.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last three months. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AMZN. Raymond James lifted their price target on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Tigress Financial lifted their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. UBS Group upped their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Finally, Morgan Stanley boosted their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com 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.