Anderson Hoagland & Co. Sells 4,187 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Anderson Hoagland & Co. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,959 shares of the e-commerce giant’s stock after selling 4,187 shares during the quarter. Anderson Hoagland & Co.’s holdings in Amazon.com were worth $33,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Harbor Investment Advisory LLC lifted its holdings in shares of Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 2,145 shares in the last quarter. Bennett Associates Wealth Management increased its position in shares of Amazon.com by 13.5% during the first quarter. Bennett Associates Wealth Management now owns 1,485 shares of the e-commerce giant’s stock valued at $283,000 after acquiring an additional 177 shares during the last quarter. Milestone Asset Management LLC increased its position in shares of Amazon.com by 6.2% during the first quarter. Milestone Asset Management LLC now owns 4,279 shares of the e-commerce giant’s stock valued at $814,000 after acquiring an additional 250 shares during the last quarter. Cypress Financial Planning LLC increased its position in shares of Amazon.com by 3.3% during the first quarter. Cypress Financial Planning LLC now owns 6,952 shares of the e-commerce giant’s stock valued at $1,323,000 after acquiring an additional 223 shares during the last quarter. Finally, Inspirion Wealth Advisors LLC increased its position in shares of Amazon.com by 7.8% during the first quarter. Inspirion Wealth Advisors LLC now owns 11,049 shares of the e-commerce giant’s stock valued at $2,102,000 after acquiring an additional 801 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $212.10 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business has a 50-day simple moving average of $195.47 and a 200 day simple moving average of $209.16. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last ninety days. 9.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on AMZN shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas raised Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Piper Sandler reaffirmed an “overweight” rating and set a $212.00 price target (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Royal Bank of Canada decreased their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $244.89.

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.