TB Alternative Assets Ltd. Buys New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

TB Alternative Assets Ltd. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 30,098 shares of the e-commerce giant's stock, valued at approximately $5,608,000. Amazon.com accounts for approximately 1.3% of TB Alternative Assets Ltd.'s holdings, making the stock its 19th largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Capital Research Global Investors increased its holdings in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Legal & General Group Plc lifted its stake in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after acquiring an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock valued at $13,091,909,000 after acquiring an additional 289,532 shares during the period. Finally, Capital International Investors raised its holdings in shares of Amazon.com by 7.4% in the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant's stock valued at $7,642,732,000 after purchasing an additional 2,932,192 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on AMZN shares. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, TD Cowen upped their target price on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $235.77.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $1.23 during mid-day trading on Friday, reaching $197.15. The company had a trading volume of 7,491,490 shares, compared to its average volume of 41,448,922. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company's 50-day moving average price is $192.79 and its 200-day moving average price is $186.26. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 42.55, a PEG ratio of 1.37 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company's stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock valued at $1,249,093,896 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.