Tidemark LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tidemark LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,610 shares of the e-commerce giant’s stock after buying an additional 149 shares during the quarter. Amazon.com makes up about 0.8% of Tidemark LLC’s holdings, making the stock its 22nd biggest holding. Tidemark LLC’s holdings in Amazon.com were worth $1,977,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Midwest Financial Group LLC raised its stake in Amazon.com by 3.1% during the second quarter. Midwest Financial Group LLC now owns 5,405 shares of the e-commerce giant’s stock valued at $1,045,000 after buying an additional 163 shares during the last quarter. Valued Wealth Advisors LLC increased its holdings in shares of Amazon.com by 12.3% during the second quarter. Valued Wealth Advisors LLC now owns 1,794 shares of the e-commerce giant’s stock valued at $347,000 after acquiring an additional 197 shares in the last quarter. Phoenix Wealth Advisors raised its position in shares of Amazon.com by 10.9% in the 2nd quarter. Phoenix Wealth Advisors now owns 3,890 shares of the e-commerce giant’s stock worth $752,000 after purchasing an additional 381 shares during the last quarter. Leavell Investment Management Inc. raised its position in shares of Amazon.com by 10.7% in the 2nd quarter. Leavell Investment Management Inc. now owns 74,293 shares of the e-commerce giant’s stock worth $14,357,000 after purchasing an additional 7,157 shares during the last quarter. Finally, Provident Wealth Management LLC boosted its stake in Amazon.com by 23.2% in the 2nd quarter. Provident Wealth Management LLC now owns 2,656 shares of the e-commerce giant’s stock worth $513,000 after purchasing an additional 500 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s 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 owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. 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 research report on Friday, November 1st. Evercore ISI upped their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities lifted their target price on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.75 on Monday. The firm’s 50 day simple moving average is $209.73 and its two-hundred day simple moving average is $192.89. 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 company has a market capitalization of $2.35 trillion, a P/E ratio of 47.91, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.