Amazon.com, Inc. $AMZN Stock: Anderson Hoagland & Co. Raises Stake

Anderson Hoagland & Co. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the third quarter, Holdings Channel.com reports. The fund owned 188,331 shares of the e-commerce giant’s stock after buying an additional 5,206 shares during the period. Amazon.com makes up about 3.5% of Anderson Hoagland & Co.’s portfolio, making the stock its 7th biggest position. Anderson Hoagland & Co.’s holdings in Amazon.com were worth $47,154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. TOP Private Wealth LLC. bought a new stake in shares of Amazon.com in the 2nd quarter valued at $29,000. Bard Associates Inc. bought a new position in Amazon.com during the second quarter worth $32,000. Longfellow Investment Management Co. LLC bought a new position in Amazon.com during the second quarter worth $33,000. Atomic Invest LLC lifted its holdings in Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock valued at $40,000 after buying an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC acquired a new position in Amazon.com in the second quarter valued at $68,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 2.9%

Shares of NASDAQ AMZN opened at $266.93 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.89 trillion, a PE ratio of 21.58, a P/E/G ratio of 2.02 and a beta of 1.49. The company’s fifty day simple moving average is $253.97 and its 200 day simple moving average is $243.74. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The company had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. During the same period last year, the firm posted $1.95 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas Herrington sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $243.47, for a total transaction of $243,470.00. Following the transaction, the chief executive officer directly owned 473,681 shares of the company’s stock, valued at approximately $115,327,113.07. This represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,545,595 over the last three months. Insiders own 8.90% of the company’s stock.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What’s Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon’s Astro home robot has fans but looks destined for the ‘trash heap.’ Why it’s trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Barclays reaffirmed an “overweight” rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research report on Friday, October 30th. Piper Sandler reissued an “overweight” rating on shares of Amazon.com in a research note on Friday, October 30th. Tigress Financial reissued a “buy” rating and issued a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Finally, Pivotal Research restated a “buy” rating and set a $333.00 target price (up from $320.00) on shares of Amazon.com in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $321.74.

About Amazon.com

Amazon.com, Inc is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators.

Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.