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

Timber Creek Capital Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,914 shares of the e-commerce giant’s stock after purchasing an additional 1,388 shares during the quarter. Amazon.com comprises 3.6% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Timber Creek Capital Management LLC’s holdings in Amazon.com were worth $12,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Semmax Financial Advisors Inc. lifted its stake in Amazon.com by 16.6% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 25,779 shares of the e-commerce giant’s stock valued at $4,803,000 after purchasing an additional 3,664 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in Amazon.com by 0.7% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 281,445 shares of the e-commerce giant’s stock valued at $52,442,000 after acquiring an additional 2,028 shares during the last quarter. Tradition Wealth Management LLC increased its holdings in Amazon.com by 2.1% in the third quarter. Tradition Wealth Management LLC now owns 55,570 shares of the e-commerce giant’s stock worth $10,354,000 after purchasing an additional 1,129 shares in the last quarter. Kitching Partners LLC boosted its stake in Amazon.com by 133.6% during the third quarter. Kitching Partners LLC now owns 3,633 shares of the e-commerce giant’s stock worth $677,000 after acquiring an additional 2,078 shares in the last quarter. Finally, Maverick Capital Ltd. increased its position in Amazon.com by 6.3% in the 3rd quarter. Maverick Capital Ltd. now owns 1,526,819 shares of the e-commerce giant’s stock valued at $284,492,000 after buying an additional 89,888 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of Amazon.com stock opened at $222.13 on Friday. The company’s 50-day moving average price is $215.78 and its 200-day moving average price is $195.11. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $148.21 and a 12-month high of $233.00. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 47.57, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Roth Mkm upped their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two investment 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, Amazon.com has an average rating of “Moderate Buy” and an average target price of $243.67.

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.