TAGStone Capital Inc. Lowers Holdings in Amazon.com, Inc. $AMZN

TAGStone Capital Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,066 shares of the e-commerce giant’s stock after selling 1,845 shares during the period. Amazon.com comprises approximately 5.8% of TAGStone Capital Inc.’s holdings, making the stock its 4th biggest position. TAGStone Capital Inc.’s holdings in Amazon.com were worth $11,809,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at approximately $40,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 25,096,253 shares of company stock worth $5,673,745,409 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMZN shares. BNP Paribas Exane raised shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a report on Friday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, August 1st. HSBC increased their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Wedbush raised their target price on shares of Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Piper Sandler raised their target price on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $262.87.

Amazon.com Price Performance

AMZN opened at $231.03 on Monday. The business’s 50-day moving average is $221.41 and its two-hundred day moving average is $208.26. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.