Amazon.com, Inc. (NASDAQ:AMZN) is Anderson Hoagland & Co.’s 6th Largest Position

Anderson Hoagland & Co. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 185,935 shares of the e-commerce giant’s stock after selling 438 shares during the quarter. Amazon.com comprises approximately 3.5% of Anderson Hoagland & Co.’s holdings, making the stock its 6th largest holding. Anderson Hoagland & Co.’s holdings in Amazon.com were worth $34,680,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Coston McIsaac & Partners boosted its holdings in Amazon.com by 2.8% in the 1st quarter. Coston McIsaac & Partners now owns 2,869 shares of the e-commerce giant’s stock worth $517,000 after acquiring an additional 79 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in Amazon.com by 2.3% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,230 shares of the e-commerce giant’s stock worth $1,485,000 after acquiring an additional 187 shares during the period. Brown Miller Wealth Management LLC boosted its holdings in Amazon.com by 1.2% in the 1st quarter. Brown Miller Wealth Management LLC now owns 18,968 shares of the e-commerce giant’s stock worth $3,421,000 after acquiring an additional 221 shares during the period. Fox Hill Wealth Management boosted its holdings in Amazon.com by 3.5% in the 1st quarter. Fox Hill Wealth Management now owns 21,743 shares of the e-commerce giant’s stock worth $3,922,000 after acquiring an additional 743 shares during the period. Finally, Foguth Wealth Management LLC. purchased a new position in Amazon.com in the 1st quarter worth approximately $1,799,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $197.93 on Monday. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a one year low of $136.47 and a one year high of $201.20. The stock’s fifty day moving average is $184.82 and its 200-day moving average is $183.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company 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 23.46% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 4.84 EPS for the current year.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Evercore ISI upped their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday. Maxim Group increased their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Oppenheimer increased their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada increased their target price on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $246.02.

About Amazon.com

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.