Turtle Creek Wealth Advisors LLC Has $6.62 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Turtle Creek Wealth Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,194 shares of the e-commerce giant's stock after acquiring an additional 5,574 shares during the period. Amazon.com accounts for about 1.5% of Turtle Creek Wealth Advisors LLC's investment portfolio, making the stock its 17th largest position. Turtle Creek Wealth Advisors LLC's holdings in Amazon.com were worth $6,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. State Street Corp raised its holdings in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC raised its holdings in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the period. Legal & General Group Plc raised its holdings 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 buying an additional 1,042,177 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Amazon.com by 3.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock valued at $10,776,201,000 after buying an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after buying an additional 1,980,663 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 2.8 %

AMZN traded down $6.30 during trading on Friday, reaching $216.58. The company had a trading volume of 55,147,843 shares, compared to its average volume of 35,339,464. The firm's 50-day simple moving average is $227.88 and its 200 day simple moving average is $204.26. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,852 shares of company stock valued at $9,324,151. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMZN. TD Cowen raised their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Moffett Nathanson lifted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their target price on Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $260.74.

Amazon.com Company 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.