Amazon.com, Inc. $AMZN Position Increased by Tarbox Family Office Inc.

Tarbox Family Office Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 92.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 11,254 shares of the e-commerce giant’s stock after buying an additional 5,418 shares during the quarter. Amazon.com comprises about 0.4% of Tarbox Family Office Inc.’s investment portfolio, making the stock its 27th largest position. Tarbox Family Office Inc.’s holdings in Amazon.com were worth $2,804,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in Amazon.com in the second quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new stake in Amazon.com during the second quarter valued at $16,341,405,000. Legal & General Group Plc acquired a new stake in shares of Amazon.com during the second quarter worth $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Amazon.com during the second quarter worth $6,631,466,000. Finally, Jupiter Topco LLC bought a new position in shares of Amazon.com in the 2nd quarter worth about $5,910,083,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “conviction-buy” rating and set a $370.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $335.00 target price on shares of Amazon.com in a report on Friday, October 30th. Citigroup restated a “market outperform” rating on shares of Amazon.com in a research note on Friday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Amazon.com Stock Performance

Shares of AMZN opened at $266.93 on Tuesday. The firm has a fifty day moving average of $253.97 and a 200-day moving average of $243.74. The company has a market cap of $2.89 trillion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). The firm had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,545,595 in the last ninety days. Insiders own 8.90% of the company’s stock.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What’s Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon’s Astro home robot has fans but looks destined for the ‘trash heap.’ Why it’s trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

About Amazon.com

Amazon.com, Inc is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators.

Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.