Tarbox Family Office Inc. Acquires 16 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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Tarbox Family Office Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 455 shares of the e-commerce giant’s stock after acquiring an additional 16 shares during the quarter. Amazon.com accounts for approximately 0.3% of Tarbox Family Office Inc.’s investment portfolio, making the stock its 27th biggest position. Tarbox Family Office Inc.’s holdings in Amazon.com were worth $862,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AMZN. Signet Investment Advisory Group Inc. acquired a new position in Amazon.com during the fourth quarter worth about $33,000. Financial Advantage Inc. acquired a new position in Amazon.com during the fourth quarter worth about $45,000. Litman Gregory Asset Management LLC acquired a new position in Amazon.com during the second quarter worth about $53,000. Mascoma Wealth Management LLC raised its stake in Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares in the last quarter. Finally, Contravisory Investment Management Inc. raised its stake in Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after acquiring an additional 7 shares in the last quarter. 57.26% of the stock is owned by institutional investors.

Several brokerages have commented on AMZN. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Monday, July 29th. Benchmark reissued a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research note on Friday, July 26th. Wedbush reissued a “buy” rating and set a $2,350.00 target price on shares of Amazon.com in a research note on Monday, July 22nd. Mizuho reissued a “buy” rating and set a $2,200.00 target price (up previously from $2,080.00) on shares of Amazon.com in a research note on Friday, July 26th. Finally, ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,251.95.

In other Amazon.com news, VP Shelley Reynolds sold 379 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the transaction, the vice president now directly owns 6,307 shares in the company, valued at approximately $11,197,637.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $1,809.20, for a total value of $1,809,200.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $18,092,000. The disclosure for this sale can be found here. Insiders have sold a total of 15,570 shares of company stock valued at $29,499,221 in the last three months. Insiders own 16.10% of the company’s stock.

NASDAQ:AMZN opened at $1,795.21 on Friday. The company has a market capitalization of $891.06 billion, a PE ratio of 89.14, a P/E/G ratio of 2.28 and a beta of 1.55. The company has a 50 day simple moving average of $1,896.37 and a two-hundred day simple moving average of $1,818.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The firm had revenue of $63.40 billion for the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $5.07 EPS. Research analysts predict that Amazon.com, Inc. will post 24.52 EPS for the current year.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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