Anchor Investment Management LLC Acquires 1,560 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Anchor Investment Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,797 shares of the e-commerce giant's stock after buying an additional 1,560 shares during the period. Amazon.com makes up 1.4% of Anchor Investment Management LLC's portfolio, making the stock its 15th biggest position. Anchor Investment Management LLC's holdings in Amazon.com were worth $14,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at about $27,000. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the 4th quarter worth about $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN stock traded up $2.73 on Tuesday, reaching $211.37. The company had a trading volume of 55,966,898 shares, compared to its average volume of 41,981,128. The company's fifty day moving average is $188.50 and its 200 day moving average is $208.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.24 trillion, a P/E ratio of 38.22, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMZN. Citizens Jmp decreased their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Stifel Nicolaus lowered their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Mizuho decreased their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group decreased their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares in the company, valued at $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock valued at $23,818,478 in the last ninety days. 9.70% of the stock is currently owned by insiders.

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.