TABR Capital Management LLC Has $323,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

TABR Capital Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,700 shares of the e-commerce giant’s stock after selling 668 shares during the period. Amazon.com accounts for approximately 0.3% of TABR Capital Management LLC’s investment portfolio, making the stock its 21st biggest position. TABR Capital Management LLC’s holdings in Amazon.com were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. bought a new position in Amazon.com during the fourth quarter worth $749,000. Segall Bryant & Hamill LLC lifted its position in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC bought a new stake in Amazon.com during the fourth quarter worth about $12,014,000. Evergreen Capital Management LLC lifted its position in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN opened at $223.19 on Thursday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The firm has a 50-day simple moving average of $212.21 and a 200-day simple moving average of $208.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Oppenheimer boosted their target price on Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. JMP Securities upped their target price on Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a report on Thursday, July 10th. Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating on the stock. Rosenblatt Securities increased their price target on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $250.35.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,442,187 shares of the firm’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $225.89, for a total value of $551,665,621.43. Following the completion of the sale, the insider owned 895,279,901 shares in the company, valued at $202,234,776,836.89. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,602,037 shares of company stock valued at $3,044,172,641. 9.70% of the stock is owned by insiders.

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.