55,009 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 55,009 shares of the e-commerce giant’s stock, valued at approximately $8,358,000. Amazon.com accounts for 2.0% of Tyche Wealth Partners LLC’s holdings, making the stock its 9th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 worth $42,000 after purchasing an additional 86 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $57,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com in the third quarter valued at approximately $49,000. Finally, AM Squared Ltd acquired a new position in shares of Amazon.com in the third quarter valued at approximately $76,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMZN shares. Canaccord Genuity Group increased their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Raymond James upped their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. One 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 stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $211.62.

Amazon.com Price Performance

Amazon.com stock opened at $188.70 on Tuesday. The firm has a market capitalization of $1.96 trillion, a PE ratio of 52.86, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $104.70 and a 52 week high of $189.77. The firm’s 50-day simple moving average is $179.29 and its 200 day simple moving average is $161.18. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,217,010 shares of company stock valued at $5,506,442,301. Corporate insiders own 10.80% of the company’s stock.

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.