Amazon.com, Inc. (NASDAQ:AMZN) is Anderson Hoagland & Co.’s 4th Largest Position

Anderson Hoagland & Co. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,827 shares of the e-commerce giant’s stock after purchasing an additional 16,314 shares during the period. Amazon.com comprises 4.1% of Anderson Hoagland & Co.’s portfolio, making the stock its 4th largest holding. Anderson Hoagland & Co.’s holdings in Amazon.com were worth $36,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC purchased a new position in shares of Amazon.com during the 4th quarter worth $43,000. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Mizuho lifted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group boosted their price objective on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Argus raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Oppenheimer lifted their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $215.74.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Amazon.com stock opened at $193.61 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The firm has a 50-day moving average of $182.88 and a two-hundred day moving average of $172.28. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $194.80.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

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.