Timber Creek Capital Management LLC Has $10.48 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Timber Creek Capital Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,001 shares of the e-commerce giant’s stock after selling 369 shares during the quarter. Amazon.com comprises about 3.6% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Timber Creek Capital Management LLC’s holdings in Amazon.com were worth $10,484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. King Wealth boosted its holdings in shares of Amazon.com by 4.6% in the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after buying an additional 1,296 shares during the last quarter. Ascension Asset Management LLC bought a new stake in shares of Amazon.com during the second quarter valued at approximately $2,001,000. Register Financial Advisors LLC raised its position in shares of Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after buying an additional 657 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Amazon.com by 1.0% during the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after buying an additional 148 shares during the last quarter. Finally, Westchester Capital Management Inc. raised its position in shares of Amazon.com by 0.6% during the second quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock valued at $3,682,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. UBS Group boosted their target price on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Mizuho upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Wedbush boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $197.95.

Amazon.com Stock Up 0.5 %

Shares of NASDAQ:AMZN opened at $179.71 on Tuesday. The business has a 50-day moving average price of $168.72 and a 200 day moving average price of $150.49. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.97, a PEG ratio of 1.56 and a beta of 1.17. Amazon.com, Inc. has a 12-month low of $96.29 and a 12-month high of $181.41.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the transaction, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares in the company, valued at $19,739,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the sale, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The disclosure for this sale can be found here. Insiders sold 32,210,510 shares of company stock worth $5,505,223,106 in the last three months. 12.70% of the stock is owned by company insiders.

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.