Anchor Investment Management LLC Has $12.34 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Anchor Investment Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,237 shares of the e-commerce giant's stock after acquiring an additional 2,961 shares during the period. Amazon.com comprises 1.2% of Anchor Investment Management LLC's portfolio, making the stock its 19th largest holding. Anchor Investment Management LLC's holdings in Amazon.com were worth $12,342,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Icon Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp raised its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the third quarter valued at $45,000. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com during the third quarter valued at about $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. HSBC upped their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday. Roth Mkm increased their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, December 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Finally, Scotiabank raised their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.65.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $5.28 during trading on Friday, reaching $225.94. The company's stock had a trading volume of 42,097,354 shares, compared to its average volume of 30,305,996. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00. The business's fifty day moving average price is $217.56 and its 200-day moving average price is $196.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

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.