Timber Creek Capital Management LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Timber Creek Capital Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,526 shares of the e-commerce giant’s stock after purchasing an additional 852 shares during the quarter. Amazon.com makes up 3.9% of Timber Creek Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Timber Creek Capital Management LLC’s holdings in Amazon.com were worth $13,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Insight Wealth Partners LLC lifted its stake in shares of Amazon.com by 14.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 9,885 shares of the e-commerce giant’s stock worth $1,910,000 after purchasing an additional 1,284 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Amazon.com by 9.2% during the second quarter. Brookstone Capital Management now owns 370,062 shares of the e-commerce giant’s stock valued at $69,546,000 after buying an additional 31,310 shares during the last quarter. Rovin Capital UT ADV boosted its holdings in shares of Amazon.com by 12.6% in the 2nd quarter. Rovin Capital UT ADV now owns 6,100 shares of the e-commerce giant’s stock valued at $1,179,000 after buying an additional 681 shares in the last quarter. Stanley Laman Group Ltd. grew its position in shares of Amazon.com by 10.2% in the 2nd quarter. Stanley Laman Group Ltd. now owns 10,044 shares of the e-commerce giant’s stock worth $1,941,000 after buying an additional 930 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Amazon.com by 31.4% during the 2nd quarter. Blue Trust Inc. now owns 49,889 shares of the e-commerce giant’s stock worth $8,999,000 after acquiring an additional 11,929 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMZN shares. Tigress Financial lifted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Piper Sandler lowered their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus cut their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $222.31.

Amazon.com Stock Down 1.3 %

AMZN opened at $176.25 on Wednesday. The company has a market cap of $1.83 trillion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a 50-day moving average price of $182.34 and a 200 day moving average price of $181.26. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 over the last three months. Insiders own 10.80% of the company’s stock.

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.