Tarbox Family Office Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

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

A number of other institutional investors also added to or reduced their holdings in AMZN. ShoreHaven Wealth Partners LLC increased its stake in Amazon.com by 1.9% in the fourth 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 increased 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 purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares during the period. Ballew Advisors Inc increased its position in Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its stake in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 72.20% of the stock.

Amazon.com revenue up 1.4%

Amazon.com stock opened at $200.00 on Wednesday. The lowest price of Amazon.com, Inc. stock in the last 12 months was $118.35, and the highest was $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 company’s fifty day simple moving average is $184.27, and a two-hundred day simple moving average is $173.63. The company has a current liquidity ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share 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 revenue for the quarter increased 12.5% ​​year-over-year. During the same period last year, the company posted $0.31 earnings per share. Equity analysts are predicting that Amazon.com, Inc. will post $4.72 earnings per share for the current fiscal year.

Buying and selling confidential information

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

Analysts set new price targets

Several brokerage firms have recently issued reports on AMZN. Monness Crespi & Hardt raised their price objective for Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Tigress Financial raised their price objective for shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30. Roth Mkm reaffirmed a “buy” rating and set a $210.00 price target (previously $205.00) on shares of Amazon.com in a research report on Wednesday, May 1. DA Davidson reaffirmed a “buy” rating and set a $235.00 price target for shares of Amazon.com in a research report on Thursday, April 18. Finally, Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2. One analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the company a “strong buy” rating. The stock has a consensus rating of “buy” and a consensus price target of $215.86, according to data from MarketBeat.com.

See our latest Amazon.com stock analysis

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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