TAP Consulting LLC Sells 105 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TAP Consulting LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,620 shares of the e-commerce giant’s stock after selling 105 shares during the quarter. TAP Consulting LLC’s holdings in Amazon.com were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC bought a new position in Amazon.com during the fourth quarter valued at $43,000. Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com in the 4th quarter worth about $57,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com during the 3rd quarter worth about $49,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial boosted their target price on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Loop Capital upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $211.62.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $183.63 on Friday. Amazon.com, Inc. has a 52 week low of $113.78 and a 52 week high of $191.70. The business’s 50 day moving average price is $181.16 and its 200 day moving average price is $164.13. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.91 trillion, a P/E ratio of 51.44, a P/E/G ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for 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 business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 22,048 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.79, for a total transaction of $3,721,481.92. Following the sale, the chief executive officer now directly owns 2,044,182 shares of the company’s stock, valued at $345,037,479.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 22,048 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.79, for a total transaction of $3,721,481.92. Following the sale, the chief executive officer now owns 2,044,182 shares of the company’s stock, valued at approximately $345,037,479.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders sold a total of 2,132,396 shares of company stock valued at $356,770,280 in the last quarter. 10.80% of the stock is currently owned by company insiders.

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.