Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Tamar Securities LLC

Tamar Securities LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,862 shares of the e-commerce giant’s stock after purchasing an additional 5,882 shares during the quarter. Amazon.com makes up approximately 5.6% of Tamar Securities LLC’s holdings, making the stock its 2nd biggest position. Tamar Securities LLC’s holdings in Amazon.com were worth $40,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiera Capital Corp boosted its position in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Beck Bode LLC acquired a new stake in shares of Amazon.com in the second quarter worth $651,000. Davidson Capital Management Inc. increased its holdings in shares of Amazon.com by 22.4% during the 2nd quarter. Davidson Capital Management Inc. now owns 17,086 shares of the e-commerce giant’s stock worth $3,302,000 after purchasing an additional 3,122 shares during the period. Callan Capital LLC raised its holdings in Amazon.com by 21.2% in the 2nd quarter. Callan Capital LLC now owns 25,872 shares of the e-commerce giant’s stock valued at $5,000,000 after acquiring an additional 4,520 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Amazon.com by 134.7% in the second quarter. Bridges Investment Management Inc. now owns 1,613,024 shares of the e-commerce giant’s stock valued at $311,717,000 after purchasing an additional 925,822 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Scotiabank raised their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Roth Mkm increased their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Moffett Nathanson boosted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Evercore ISI raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,611 shares of company stock valued at $11,122,402. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ:AMZN opened at $228.68 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a 50-day simple moving average of $228.21 and a 200 day simple moving average of $202.55.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current 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.