Tanager Wealth Management LLP Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Tanager Wealth Management LLP raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,030 shares of the e-commerce giant’s stock after buying an additional 175 shares during the quarter. Amazon.com comprises 0.6% of Tanager Wealth Management LLP’s holdings, making the stock its 27th largest position. Tanager Wealth Management LLP’s holdings in Amazon.com were worth $3,195,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lake Hills Wealth Management LLC grew its stake in Amazon.com by 0.8% in the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares during the period. Veery Capital LLC grew its position in shares of Amazon.com by 1.1% in the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares during the period. Bellwether Advisors LLC increased its stake in shares of Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after purchasing an additional 66 shares in the last quarter. StrategIQ Financial Group LLC raised its position in shares of Amazon.com by 0.3% during the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after purchasing an additional 66 shares during the last quarter. Finally, Marion Wealth Management lifted its stake in Amazon.com by 1.6% in the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on AMZN shares. UBS Group increased their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Stifel Nicolaus lifted their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Loop Capital increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets boosted their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $211.62.

Insider Buying and Selling 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 stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on 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 of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the transaction, the director now directly owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Insiders have sold 20,187,979 shares of company stock valued at $3,440,575,337 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.8 %

NASDAQ AMZN opened at $189.50 on Friday. Amazon.com, Inc. has a one year low of $108.05 and a one year high of $191.70. The firm has a 50 day simple moving average of $179.90 and a 200-day simple moving average of $161.81. The firm has a market cap of $1.97 trillion, a price-to-earnings ratio of 53.08, a PEG ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last posted 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 business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current fiscal 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.