Timber Creek Capital Management LLC increases stock position on Amazon.com, Inc. (NASDAQ:AMZN)


Timber Creek Capital Management LLC increased its holdings of Amazon.com, Inc. (NASDAQ:AMZN) stock by 5.2% during the 1st quarter, HoldingsChannel.com reports. The fund held 4,078 shares of the e-commerce giant after buying an additional 203 shares during the period. Amazon.com represents approximately 4.0% of Timber Creek Capital Management LLC‘s portfolio, making it its 6th largest position. Timber Creek Capital Management LLC’s holdings on Amazon.com were worth $13,294,000 when it last filed with the SEC.

Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Fifth Third Bancorp increased its holdings of Amazon.com shares 1.5% in the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant valued at $579,225,000 after buying an additional 2,686 shares last quarter. Graypoint LLC increased its holdings of Amazon.com stock by 57.9% in the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant valued at $5,555,000 after buying an additional 625 shares last quarter. Castle Rock Wealth Management LLC increased its holdings of Amazon.com stock 10.6% in the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant valued at $5,422,000 after buying an additional 164 shares last quarter. Atlas Private Wealth Advisors bought a new equity stake in Amazon.com in the first quarter, valued at approximately $6,229,000. Finally, Cherrydale Wealth Management LLC increased its holdings of Amazon.com stock by 156.6% in the first quarter. Cherrydale Wealth Management LLC now owns 372 shares of the e-commerce giant valued at $1,212,000 after buying 227 additional shares last quarter. 72.51% of the shares are currently held by institutional investors.

Amazon.com inventory down 1.8%

Amazon.com stock opened Friday at $122.42. Amazon.com, Inc. has a 1-year minimum of $101.26 and a 1-year maximum of $188.11. The company has a market capitalization of $1.25 trillion, a price/earnings ratio of 59.10, a P/E/G ratio of 3.75 and a beta of 1.25. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt ratio of 0.35. The company has a 50-day simple moving average of $112.81 and a 200-day simple moving average of $136.70.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly results on Thursday, April 28. The e-commerce giant reported EPS of $0.21 for the quarter, missing the consensus estimate of $0.44 per ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company posted revenue of $116.44 billion in the quarter, versus a consensus estimate of $116.52 billion. In the same period a year earlier, the company had earned earnings per share of $0.79. The company’s revenue for the quarter increased 7.3% year over year. On average, analysts predict Amazon.com, Inc. will post 1.23 earnings per share for the current year.

Wall Street analysts predict growth

A number of analysts have recently commented on AMZN shares. Telsey Advisory Group cut its price target on Amazon.com from $170.00 to $145.00 and set an “outperform” rating on the stock in a Wednesday, July 13 report. Susquehanna lowered its price target on Amazon.com from $250.00 to $190.00 in a Friday, April 29 research report. Rosenblatt Securities assumed coverage at Amazon.com in a research report on Tuesday, April 19. They set a “neutral” rating and a price target of $150.00 on the stock. Monness Crespi & Hardt reduced its target price on Amazon.com from $225.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, April 29. Finally, DA Davidson reduced its target price on Amazon.com from $195.00 to $156.25 in a Friday, April 29 research report. Three equity research analysts gave the stock a sell rating, one issued a hold rating and thirty-eight gave the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $181.31.

Insider Buying and Selling on Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the company in a trade on Monday, May 16. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following completion of the transaction, the CEO now directly owns 92,781 shares of the company, valued at approximately $209,870,622. The sale was disclosed in a legal filing with the SEC, accessible via the SEC’s website. In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the company in a trade on Monday, May 16. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following completion of the transaction, the CEO now directly owns 92,781 shares of the company, valued at approximately $209,870,622. The sale was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, Chief Financial Officer Brian T. Olsavsky sold 761 shares of Amazon.com in a trade on Monday, May 23. The stock was sold at an average price of $2,169.22, for a total transaction of $1,650,776.42. Following the sale, the CFO now directly owns 2,375 shares of the company, valued at $5,151,897.50. The disclosure of this sale can be found here. Insiders sold a total of 4,803 shares of the company worth $10,528,337 over the past three months. Insiders of the company hold 12.70% of the shares of the company.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Want to see what other hedge funds hold AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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