TBH Global Asset Management LLC Purchases 3,019 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TBH Global Asset Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,356 shares of the e-commerce giant's stock after acquiring an additional 3,019 shares during the period. Amazon.com makes up 0.8% of TBH Global Asset Management LLC's portfolio, making the stock its 11th biggest position. TBH Global Asset Management LLC's holdings in Amazon.com were worth $8,249,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMZN. Western Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after buying an additional 1,297 shares during the period. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Amazon.com from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Cantor Fitzgerald lifted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Stifel Nicolaus cut their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Tigress Financial lifted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.33.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 25,102,037 shares of company stock valued at $5,674,871,223. 9.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $0.79 during trading hours on Friday, reaching $231.44. 28,649,591 shares of the stock traded hands, compared to its average volume of 40,402,120. The company has a market capitalization of $2.46 trillion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company's 50-day simple moving average is $215.66 and its two-hundred day simple moving average is $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.