Anderson Hoagland & Co. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Anderson Hoagland & Co. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 176,146 shares of the e-commerce giant’s stock after selling 9,789 shares during the quarter. Amazon.com comprises 4.1% of Anderson Hoagland & Co.’s portfolio, making the stock its 4th biggest holding. Anderson Hoagland & Co.’s holdings in Amazon.com were worth $39,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Fiera Capital Corp raised its stake in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares during the period. American Planning Services Inc. increased its stake in Amazon.com by 355.4% in the 2nd quarter. American Planning Services Inc. now owns 17,010 shares of the e-commerce giant’s stock worth $3,287,000 after acquiring an additional 13,275 shares during the last quarter. Menard Financial Group LLC increased its stake in Amazon.com by 24.8% in the 2nd quarter. Menard Financial Group LLC now owns 27,857 shares of the e-commerce giant’s stock worth $5,383,000 after acquiring an additional 5,542 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in Amazon.com by 82.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 407,143 shares of the e-commerce giant’s stock worth $78,680,000 after acquiring an additional 183,413 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. increased its stake in Amazon.com by 968.0% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 45,015 shares of the e-commerce giant’s stock worth $8,699,000 after acquiring an additional 40,800 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $230.37 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 business’s fifty day simple moving average is $227.98 and its 200-day simple moving average is $201.78. The company has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 41.66, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,348 shares of company stock valued at $5,036,214 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMZN shares. Monness Crespi & Hardt lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their price objective on Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Citigroup reduced their price objective on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.74.

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.