5,418 Amazon.com, Inc. $AMZN Shares Purchased by Tarbox Family Office Inc.

Key Points

• Tarbox Family Office increased its Amazon stake by 92.8% in the third quarter, buying 5,418 shares to hold 11,254 shares valued at $2.8 million.
• Analyst sentiment remains broadly positive: Amazon has a “Moderate Buy” consensus rating and an average price target of $321.74, though one analyst cut its target while others raised ratings or targets.
• Amazon’s latest quarter fell slightly short of consensus for both earnings and revenue, despite revenue growing 12.1% year over year; analysts cited AI spending and cloud competition as risks.

Tarbox Family Office Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 92.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 11,254 shares of the e-commerce giant's stock after buying an additional 5,418 shares during the period. Amazon.com makes up about 0.4% of Tarbox Family Office Inc.'s investment portfolio, making the stock its 27th largest position. Tarbox Family Office Inc.'s holdings in Amazon.com were worth $2,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% during the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after acquiring an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. purchased a new stake in Amazon.com during the 2nd quarter worth $29,000. Bard Associates Inc. acquired a new stake in Amazon.com in the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC acquired a new stake in Amazon.com in the 2nd quarter valued at $33,000. Finally, Atomic Invest LLC lifted its stake in shares of Amazon.com by 41.2% during the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after purchasing an additional 49 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMZN shares. Yorkville Ives started coverage on Amazon.com in a research note on Monday, October 19th. They issued an "outperform" rating and a $300.00 target price for the company. Phillip Securities raised Amazon.com from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, November 2nd. Citizens Jmp decreased their price target on Amazon.com from $315.00 to $275.00 and set a "market outperform" rating for the company in a report on Friday, October 30th. Monness Crespi & Hardt upped their price target on Amazon.com from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Amazon.com Trading Up 2.9%

NASDAQ:AMZN opened at $266.93 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The business's 50-day simple moving average is $253.97 and its 200 day simple moving average is $243.74. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion during the quarter, compared to analysts' expectations of $202.22 billion. During the same period in the prior year, the company posted $1.95 EPS. The company's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the sale, the chief financial officer owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,545,595 over the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What's Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon's Astro home robot has fans but looks destined for the 'trash heap.' Why it's trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

Amazon.com Company Profile

Amazon.com, Inc is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators.

Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.

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