Tarbox Family Office Inc. Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tarbox Family Office Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,995 shares of the e-commerce giant’s stock after purchasing an additional 1,349 shares during the quarter. Tarbox Family Office Inc.’s holdings in Amazon.com were worth $1,623,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. ShoreHaven Wealth Partners LLC lifted its stake in Amazon.com by 1.9% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC raised its position in shares of Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after buying an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its stake in Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after buying an additional 62 shares during the period. Ballew Advisors Inc grew its position in Amazon.com by 1.5% during the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after buying an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its stake in Amazon.com by 3.3% in the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 1.4 %

Amazon.com stock opened at $200.00 on Wednesday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $200.43. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The business’s fifty day simple moving average is $184.27 and its two-hundred day simple moving average is $173.63. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders sold a total of 66,548 shares of company stock worth $12,180,239 in the last three months. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Monness Crespi & Hardt lifted their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Roth Mkm restated a “buy” rating and set a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Finally, Argus increased their target price on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $215.86.

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.