Timber Creek Capital Management LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Timber Creek Capital Management LLC increased its stake in Amazon.com by 5.7%, owning 72,882 shares valued at approximately $13.87 million, making it their 4th largest position.
• Insider Jeffrey P. Bezos sold over 4.27 million shares valued at nearly $960.67 million, decreasing his ownership by 0.47% while still holding around 897.72 million shares.
• Amazon.com has received mixed analyst ratings, with price targets from various firms ranging from $235.00 to $285.00, and a consensus rating of "Moderate Buy."

Timber Creek Capital Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,882 shares of the e-commerce giant's stock after buying an additional 3,943 shares during the quarter. Amazon.com makes up about 3.7% of Timber Creek Capital Management LLC's holdings, making the stock its 4th biggest position. Timber Creek Capital Management LLC's holdings in Amazon.com were worth $13,867,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter worth about $40,000. Finally, Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded down $19.36 during trading hours on Friday, reaching $214.75. 122,007,379 shares of the company were exchanged, compared to its average volume of 44,843,602. The company has a market cap of $2.28 trillion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 1.71 and a beta of 1.33. The stock's fifty day moving average is $217.93 and its two-hundred day moving average is $209.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 25,099,537 shares of company stock worth $5,674,394,548 in the last ninety days. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citizens Jmp began coverage on shares of Amazon.com in a research note on Thursday, July 10th. They set a "strong-buy" rating for the company. Jefferies Financial Group raised their target price on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Cantor Fitzgerald upped their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday. Finally, BMO Capital Markets increased their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have issued 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 $260.85.

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.