Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by TFB Advisors LLC

TFB Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 24,841 shares of the e-commerce giant’s stock after acquiring an additional 347 shares during the quarter. Amazon.com comprises about 1.4% of TFB Advisors LLC’s portfolio, making the stock its 16th largest position. TFB Advisors LLC’s holdings in Amazon.com were worth $4,629,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMZN. International Assets Investment Management LLC raised its holdings in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Strategic Financial Concepts LLC grew its position in Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the period. Wulff Hansen & CO. grew its position in Amazon.com by 20,517.4% during the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock worth $750,646,000 after purchasing an additional 3,865,485 shares during the period. National Pension Service raised its stake in shares of Amazon.com by 15.9% during the 3rd quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after buying an additional 2,321,786 shares during the last quarter. Finally, Granite Bay Wealth Management LLC lifted its holdings in shares of Amazon.com by 6,590.8% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock valued at $432,394,000 after buying an additional 2,318,713 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $232.93 on Tuesday. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The stock’s fifty day moving average is $202.70 and its two-hundred day moving average is $190.16. The company has a market capitalization of $2.45 trillion, a P/E ratio of 49.88, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Monday. Susquehanna raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Wedbush boosted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. Two research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $240.67.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Company 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.