Talbot Financial LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Talbot Financial LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,841 shares of the e-commerce giant’s stock after purchasing an additional 3,816 shares during the period. Amazon.com comprises about 6.1% of Talbot Financial LLC’s portfolio, making the stock its 3rd largest position. Talbot Financial LLC’s holdings in Amazon.com were worth $40,544,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $228,000. Krane Funds Advisors LLC raised its position in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC bought a new stake in Amazon.com in the first quarter worth about $258,000. My Personal CFO LLC purchased a new position in Amazon.com in the first quarter valued at about $261,000. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com during the 1st quarter valued at approximately $191,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $179.83 on Thursday. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 62.01, a PEG ratio of 1.57 and a beta of 1.17. The business has a 50 day moving average of $169.73 and a 200 day moving average of $151.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1-year low of $96.29 and a 1-year high of $181.41.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird boosted their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Wolfe Research upped their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $197.95.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at approximately $17,960,816.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,210,510 shares of company stock valued at $5,505,223,106 over the last three months. Insiders own 12.70% of the company’s stock.

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.