Anchor Capital Advisors LLC Sells 200 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Anchor Capital Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,860 shares of the e-commerce giant’s stock after selling 200 shares during the period. Anchor Capital Advisors LLC’s holdings in Amazon.com were worth $373,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AMZN. Kavar Capital Partners Group LLC lifted its stake in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd lifted its stake in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. lifted its stake in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp lifted its stake in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC lifted its stake in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the period. Institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Tigress Financial raised their price target on shares of Amazon.com from $204.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Robert W. Baird raised their price objective on shares of Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Loop Capital raised their price objective on shares of Amazon.com from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Truist Financial dropped their price objective on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Finally, Bank of America reaffirmed a “buy” rating and set a $174.00 price objective on shares of Amazon.com in a report on Tuesday, September 26th. One analyst has rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.93.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $139.48, for a total transaction of $557,920.00. Following the transaction, the chief executive officer now directly owns 526,316 shares in the company, valued at approximately $73,410,555.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total transaction of $69,240.00. Following the transaction, the chief executive officer now owns 106,520 shares in the company, valued at $14,750,889.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,572 shares of company stock worth $9,639,169. Insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 1.6 %

AMZN opened at $145.18 on Monday. The stock has a market capitalization of $1.50 trillion, a P/E ratio of 75.22, a P/E/G ratio of 1.93 and a beta of 1.17. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $147.29. The firm’s fifty day simple moving average is $133.72 and its 200 day simple moving average is $129.77. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.85 EPS for the quarter, beating the consensus estimate of $0.58 by $0.27. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The business had revenue of $143.08 billion for the quarter, compared to analysts’ expectations of $141.53 billion. As a group, research analysts anticipate that Amazon.com, Inc. will post 2.6 EPS for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.