Anchor Investment Management LLC Buys Shares of 60,481 Amazon.com, Inc. (NASDAQ:AMZN)

Anchor Investment Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 60,481 shares of the e-commerce giant’s stock, valued at approximately $9,189,000. Amazon.com comprises 1.1% of Anchor Investment Management LLC’s holdings, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC boosted its position in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 572 shares during the last quarter. PayPay Securities Corp raised its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. Laurel Wealth Planning LLC lifted its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com during the 4th quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $38,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen raised their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Oppenheimer upped their target price on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley raised their target price on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Telsey Advisory Group upped their price target on Amazon.com from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Wedbush boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $197.95.

Get Our Latest Stock Analysis on Amazon.com

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $153.20, for a total transaction of $76,600.00. Following the transaction, the chief executive officer now owns 119,560 shares in the company, valued at $18,316,592. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $153.20, for a total value of $76,600.00. Following the sale, the chief executive officer now owns 119,560 shares of the company’s stock, valued at $18,316,592. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock valued at $5,505,209,706 in the last three months. 12.30% of the stock is currently owned by company insiders.

Amazon.com Trading Down 2.4 %

Amazon.com stock opened at $174.42 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $1.81 trillion, a price-to-earnings ratio of 60.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. The firm’s 50 day moving average price is $166.29 and its two-hundred day moving average price is $148.90. Amazon.com, Inc. has a 1 year low of $95.61 and a 1 year high of $180.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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