Pittenger & Anderson Inc. Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Pittenger & Anderson Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,870 shares of the e-commerce giant’s stock after acquiring an additional 1,678 shares during the period. Amazon.com accounts for 1.4% of Pittenger & Anderson Inc.’s holdings, making the stock its 12th biggest holding. Pittenger & Anderson Inc.’s holdings in Amazon.com were worth $37,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AMZN. PayPay Securities Corp grew its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter worth about $45,000. Values First Advisors Inc. bought a new position in Amazon.com in the 3rd quarter worth about $56,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s 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 transaction, the senior vice president now owns 62,420 shares of the company’s stock, 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 6,034,534 shares of company stock worth $1,253,883,872 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.7 %

AMZN stock opened at $227.46 on Friday. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $231.20. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16. The firm has a 50 day simple moving average of $201.65 and a 200-day simple moving average of $189.67.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business 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 business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Jefferies Financial Group raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $238.87.

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.