Tenon Financial LLC Acquires New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tenon Financial LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,471 shares of the e-commerce giant’s stock, valued at approximately $806,000. Amazon.com makes up 0.7% of Tenon Financial LLC’s holdings, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Amazon.com during the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc. increased its position in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its position in Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. Global Assets Advisory LLC increased its position in Amazon.com by 30,350.2% during the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after purchasing an additional 6,510,119 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Amazon.com by 33.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,791,685 shares of the e-commerce giant’s stock valued at $2,668,124,000 after purchasing an additional 3,687,522 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,548 shares of company stock valued at $12,774,204. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Citigroup lifted their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Tigress Financial lifted their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, Evercore ISI lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $215.86.

Amazon.com Stock Performance

Shares of AMZN traded up $2.38 during trading hours on Friday, hitting $199.97. The stock had a trading volume of 16,365,729 shares, compared to its average volume of 42,638,844. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a 50-day moving average price of $185.58 and a 200 day moving average price of $174.31. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $200.55. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.03, a PEG ratio of 1.41 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

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.