TAP Consulting LLC Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

TAP Consulting LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,833 shares of the e-commerce giant’s stock after selling 155 shares during the period. TAP Consulting LLC’s holdings in Amazon.com were worth $342,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Pacific Sun Financial Corp boosted its stake in shares of Amazon.com by 0.7% during the 3rd quarter. Pacific Sun Financial Corp now owns 8,737 shares of the e-commerce giant’s stock worth $1,628,000 after purchasing an additional 60 shares during the last quarter. Nvest Financial LLC grew its stake in shares of Amazon.com by 1.8% in the third quarter. Nvest Financial LLC now owns 23,789 shares of the e-commerce giant’s stock valued at $4,433,000 after buying an additional 422 shares in the last quarter. Charles Schwab Trust Co raised its stake in shares of Amazon.com by 31.4% during the third quarter. Charles Schwab Trust Co now owns 14,686 shares of the e-commerce giant’s stock valued at $2,736,000 after purchasing an additional 3,510 shares during the period. Fermata Advisors LLC increased its position in shares of Amazon.com by 2.2% during the third quarter. Fermata Advisors LLC now owns 16,408 shares of the e-commerce giant’s stock worth $3,057,000 after acquiring an additional 354 shares during the last quarter. Finally, JGP Wealth Management LLC grew its stake in Amazon.com by 4.5% during the 3rd quarter. JGP Wealth Management LLC now owns 22,613 shares of the e-commerce giant’s stock valued at $4,213,000 after purchasing an additional 977 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank of Canada increased their target price on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research report on Friday, November 1st. Susquehanna upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, Wedbush lifted their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.55.

Amazon.com Stock Performance

AMZN stock opened at $208.18 on Friday. The company has a 50-day simple moving average of $187.83 and a 200 day simple moving average of $184.62. The company has a market capitalization of $2.19 trillion, a P/E ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $212.25.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock worth $10,215,097 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.