Tamar Securities LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Tamar Securities LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,788 shares of the e-commerce giant’s stock after purchasing an additional 16,049 shares during the quarter. Amazon.com accounts for 4.9% of Tamar Securities LLC’s holdings, making the stock its 4th biggest position. Tamar Securities LLC’s holdings in Amazon.com were worth $24,886,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Sound Income Strategies LLC raised its holdings in shares of Amazon.com by 11.1% in the 3rd quarter. Sound Income Strategies LLC now owns 34,542 shares of the e-commerce giant’s stock worth $4,391,000 after purchasing an additional 3,450 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Amazon.com by 4.5% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 59,576 shares of the e-commerce giant’s stock worth $7,573,000 after purchasing an additional 2,575 shares during the period. McGuire Investment Group LLC boosted its stake in Amazon.com by 3.3% in the 3rd quarter. McGuire Investment Group LLC now owns 27,605 shares of the e-commerce giant’s stock worth $3,509,000 after purchasing an additional 885 shares during the period. Finally, Wealthcare Capital Management LLC grew its position in Amazon.com by 13.9% during the 3rd quarter. Wealthcare Capital Management LLC now owns 3,632 shares of the e-commerce giant’s stock worth $462,000 after purchasing an additional 443 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley raised their target price on Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Evercore ISI upped their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Benchmark increased their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $203.13.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.3 %

Amazon.com stock opened at $179.54 on Wednesday. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.91, a P/E/G ratio of 1.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The firm has a fifty day moving average price of $177.60 and a two-hundred day moving average price of $157.99.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

About Amazon.com

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.