Timber Creek Capital Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,154 shares of the e-commerce giant’s stock after selling 230 shares during the quarter. Amazon.com accounts for approximately 5.7% of Timber Creek Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Timber Creek Capital Management LLC’s holdings in Amazon.com were worth $8,760,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AMZN. HC Financial Advisors Inc. purchased a new stake in Amazon.com in the fourth quarter worth approximately $315,000. Rovida Advisors Inc. boosted its stake in Amazon.com by 34.9% in the first quarter. Rovida Advisors Inc. now owns 80,087 shares of the e-commerce giant’s stock worth $115,646,000 after buying an additional 20,705 shares in the last quarter. Tredje AP fonden boosted its stake in Amazon.com by 3.3% in the first quarter. Tredje AP fonden now owns 30,511 shares of the e-commerce giant’s stock worth $44,160,000 after buying an additional 970 shares in the last quarter. AT Bancorp purchased a new stake in Amazon.com in the first quarter worth approximately $204,000. Finally, KCM Investment Advisors LLC boosted its stake in Amazon.com by 4.9% in the first quarter. KCM Investment Advisors LLC now owns 9,523 shares of the e-commerce giant’s stock worth $13,783,000 after buying an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 56.12% of the company’s stock.
Shares of Amazon.com stock opened at $1,502.06 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. The company has a market cap of $734.46 billion, a P/E ratio of 330.12, a price-to-earnings-growth ratio of 2.85 and a beta of 1.70. Amazon.com, Inc. has a 52 week low of $1,124.74 and a 52 week high of $2,050.50.
Several brokerages have issued reports on AMZN. Zacks Investment Research raised Amazon.com from a “hold” rating to a “buy” rating and set a $1,993.00 target price for the company in a research note on Tuesday, July 31st. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday. Wells Fargo & Co reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 20th. Finally, Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 15th. Three investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $2,085.14.
In related news, CEO Jeffrey A. Wilke sold 1,230 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $1,566.69, for a total value of $2,704,106.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,950 shares of company stock valued at $54,540,968. 16.30% of the stock is owned by corporate insiders.
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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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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