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

Tamar Securities LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 163,788 shares of the e-commerce giant’s stock after buying an additional 16,049 shares during the quarter. Amazon.com comprises about 4.9% of Tamar Securities LLC’s portfolio, making the stock its 4th largest holding. Tamar Securities LLC’s holdings in Amazon.com were worth $24,886,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMZN. Lake Hills Wealth Management LLC lifted its position in shares of 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 worth $1,213,000 after purchasing an additional 65 shares during the period. Veery Capital LLC lifted its position in shares of Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after acquiring an additional 66 shares during the period. Bellwether Advisors LLC lifted its position in shares of Amazon.com by 2.3% during the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after acquiring an additional 66 shares during the period. StrategIQ Financial Group LLC lifted 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 valued at $3,534,000 after acquiring an additional 66 shares during the period. Finally, Marion Wealth Management lifted its position in shares of Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after acquiring an additional 67 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMZN shares. Piper Sandler boosted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Evercore ISI boosted their target price on shares of Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Oppenheimer boosted their target price on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Wolfe Research boosted their price target on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $203.13.

Amazon.com Price Performance

AMZN opened at $179.54 on Wednesday. The firm has a market cap of $1.87 trillion, a P/E ratio of 61.91, a PEG ratio of 1.52 and a beta of 1.17. The firm has a 50-day moving average of $177.60 and a 200 day moving average of $157.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 over the last three months. 10.80% of the stock is currently owned by insiders.

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.