TRB Advisors LP Invests $27.42 Million in Amazon.com, Inc. (NASDAQ:AMZN)

TRB Advisors LP purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 125,000 shares of the e-commerce giant's stock, valued at approximately $27,424,000. Amazon.com comprises approximately 4.6% of TRB Advisors LP's investment portfolio, making the stock its 4th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Amazon.com during the 4th quarter valued at $697,902,000. Knights of Columbus Asset Advisors LLC increased its holdings in Amazon.com by 11.4% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 10,727 shares of the e-commerce giant's stock worth $2,353,000 after buying an additional 1,099 shares during the last quarter. Marietta Investment Partners LLC raised its position in Amazon.com by 2.3% in the fourth quarter. Marietta Investment Partners LLC now owns 37,086 shares of the e-commerce giant's stock worth $8,136,000 after acquiring an additional 832 shares during the period. Umpqua Bank boosted its stake in Amazon.com by 4.1% in the fourth quarter. Umpqua Bank now owns 36,551 shares of the e-commerce giant's stock valued at $7,959,000 after acquiring an additional 1,431 shares during the last quarter. Finally, Sykon Capital LLC grew its position in shares of Amazon.com by 1.3% during the 4th quarter. Sykon Capital LLC now owns 15,118 shares of the e-commerce giant's stock valued at $3,317,000 after acquiring an additional 189 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ:AMZN traded up $2.45 during trading on Friday, hitting $188.99. The stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. The company has a market capitalization of $2.00 trillion, a PE ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39. The firm's fifty day moving average is $193.52 and its 200 day moving average is $208.05. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares of the company's stock, valued at $15,265,436.64. The trade was a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMZN shares. Morgan Stanley dropped their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada increased their price target on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. Wedbush reiterated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $247.56.

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.