Thurston Springer Miller Herd & Titak Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,884 shares of the e-commerce giant's stock after acquiring an additional 2,745 shares during the quarter. Amazon.com accounts for 1.3% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 8th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Amazon.com were worth $4,823,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the 3rd quarter valued at $37,000. Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the 1st quarter worth $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com in the second quarter valued at about $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock traded up $2.07 during midday trading on Tuesday, hitting $208.91. The company had a trading volume of 38,860,271 shares, compared to its average volume of 41,399,859. The stock has a market cap of $2.20 trillion, a price-to-earnings ratio of 44.18, a PEG ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company's 50 day simple moving average is $188.40 and its 200 day simple moving average is $184.95. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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 business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMZN shares. DA Davidson reiterated a "buy" rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price target on the stock. Rosenblatt Securities increased their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their price target on Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.55.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock worth $1,256,503,289 over the last 90 days. Company insiders own 10.80% of the company's stock.

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.