Tamar Securities LLC Buys 20,610 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tamar Securities LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 179,980 shares of the e-commerce giant’s stock after purchasing an additional 20,610 shares during the period. Amazon.com accounts for 4.7% of Tamar Securities LLC’s portfolio, making the stock its 4th largest position. Tamar Securities LLC’s holdings in Amazon.com were worth $33,536,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. FLC Capital Advisors increased its holdings in shares of Amazon.com by 1.2% during the 3rd quarter. FLC Capital Advisors now owns 29,521 shares of the e-commerce giant’s stock worth $5,501,000 after buying an additional 345 shares during the last quarter. Horizon Wealth Management LLC grew its position in Amazon.com by 1.2% during the third quarter. Horizon Wealth Management LLC now owns 15,862 shares of the e-commerce giant’s stock valued at $2,956,000 after acquiring an additional 190 shares during the period. Cornerstone Wealth Management LLC increased its stake in Amazon.com by 2.2% during the third quarter. Cornerstone Wealth Management LLC now owns 81,996 shares of the e-commerce giant’s stock worth $15,278,000 after acquiring an additional 1,760 shares during the last quarter. Culbertson A N & Co. Inc. raised its holdings in shares of Amazon.com by 4.1% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 27,162 shares of the e-commerce giant’s stock worth $5,061,000 after purchasing an additional 1,060 shares during the period. Finally, Bfsg LLC lifted its stake in shares of Amazon.com by 4.2% in the 3rd quarter. Bfsg LLC now owns 43,790 shares of the e-commerce giant’s stock valued at $8,159,000 after purchasing an additional 1,781 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 4.2 %

AMZN opened at $202.61 on Friday. The stock’s 50 day moving average price is $190.54 and its 200 day moving average price is $185.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.13 trillion, a P/E ratio of 43.39, a P/E/G ratio of 1.44 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMZN shares. Royal Bank of Canada raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Evercore ISI raised their target price 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. Oppenheimer upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays raised their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Truist Financial upped their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.45.

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.