Peregrine Asset Advisers Inc. Has $4.46 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Peregrine Asset Advisers Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 45.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,909 shares of the e-commerce giant's stock after acquiring an additional 7,452 shares during the period. Amazon.com makes up 1.5% of Peregrine Asset Advisers Inc.'s portfolio, making the stock its 20th biggest holding. Peregrine Asset Advisers Inc.'s holdings in Amazon.com were worth $4,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Gunderson Capital Management Inc. boosted its holdings in Amazon.com by 7.6% in the 2nd quarter. Gunderson Capital Management Inc. now owns 47,090 shares of the e-commerce giant's stock valued at $9,100,000 after purchasing an additional 3,310 shares during the period. VanderPol Investments L.L.C. increased its stake in Amazon.com by 6.1% during the second quarter. VanderPol Investments L.L.C. now owns 2,502 shares of the e-commerce giant's stock valued at $484,000 after acquiring an additional 143 shares during the period. jvl associates llc increased its stake in Amazon.com by 64.0% during the second quarter. jvl associates llc now owns 5,253 shares of the e-commerce giant's stock valued at $1,015,000 after acquiring an additional 2,050 shares during the period. Global Trust Asset Management LLC raised its holdings in Amazon.com by 3.3% in the 2nd quarter. Global Trust Asset Management LLC now owns 15,742 shares of the e-commerce giant's stock valued at $3,042,000 after acquiring an additional 502 shares in the last quarter. Finally, Cadent Capital Advisors LLC lifted its position in shares of Amazon.com by 13.2% in the 2nd quarter. Cadent Capital Advisors LLC now owns 2,047 shares of the e-commerce giant's stock worth $396,000 after acquiring an additional 239 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.7 %

Shares of NASDAQ:AMZN traded up $1.63 during trading on Friday, hitting $224.92. 87,060,734 shares of the company's stock traded hands, compared to its average volume of 41,415,395. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $205.83 and a 200-day moving average price of $191.30. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company's stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. Telsey Advisory Group upped their target price on Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Evercore ISI raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Scotiabank upped their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research note on Friday, November 1st. Truist Financial raised their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Tigress Financial lifted their price objective on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a report on Friday. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.00.

Amazon.com Profile

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.