Tanager Wealth Management LLP Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Tanager Wealth Management LLP grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,836 shares of the e-commerce giant’s stock after purchasing an additional 237 shares during the period. Amazon.com makes up 0.5% of Tanager Wealth Management LLP’s investment portfolio, making the stock its 29th largest position. Tanager Wealth Management LLP’s holdings in Amazon.com were worth $3,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC boosted its stake in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB acquired a new stake in Amazon.com in the 1st quarter valued at approximately $2,239,757,000. Capital World Investors raised its position in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares during the period. Finally, Capital Research Global Investors lifted its stake in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN opened at $207.86 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. The firm has a 50-day simple moving average of $193.75 and a 200-day simple moving average of $186.52. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 over the last three months. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Maxim Group lifted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities lifted their target price on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley lifted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Needham & Company LLC increased their target price on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

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.