Anderson Hoagland & Co. Purchases 5,206 Shares of Amazon.com, Inc. $AMZN

Key Points

• Anderson Hoagland & Co. increased its Amazon stake by 2.8% in the third quarter, buying 5,206 shares to hold 188,331 shares worth about $47.2 million. Amazon represents 3.5% of the firm’s portfolio and is its seventh-largest holding.
• Analysts remain broadly positive: Amazon has a “Moderate Buy” consensus rating and an average price target of $321.74. UBS raised its target to $348, while several other firms reiterated Buy or equivalent ratings.
• Amazon’s latest quarter showed 12.1% year-over-year revenue growth, but EPS and revenue both fell slightly short of analyst estimates. The article also cites AI spending and cloud competition as risks; AWS growth and backlog are highlighted as potential strengths.

Anderson Hoagland & Co. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,331 shares of the e-commerce giant's stock after acquiring an additional 5,206 shares during the period. Amazon.com makes up 3.5% of Anderson Hoagland & Co.'s portfolio, making the stock its 7th biggest holding. Anderson Hoagland & Co.'s holdings in Amazon.com were worth $47,154,000 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 AMZN. TOP Private Wealth LLC. bought a new position in Amazon.com in the 2nd quarter worth approximately $29,000. Bard Associates Inc. bought a new stake in shares of Amazon.com in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Amazon.com in the second quarter worth $33,000. Atomic Invest LLC grew its stake in shares of Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after acquiring an additional 49 shares during the last quarter. Finally, Strategic Wealth Advisors LLC bought a new position in Amazon.com during the second quarter worth $68,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Guggenheim reiterated a "buy" rating and issued a $320.00 price objective on shares of Amazon.com in a research report on Friday, October 30th. Oppenheimer reiterated an "outperform" rating on shares of Amazon.com in a research note on Friday, July 31st. UBS Group restated a "buy" rating and issued a $348.00 price objective (up from $318.00) on shares of Amazon.com in a research report on Monday, October 26th. KeyCorp set a $345.00 price target on Amazon.com and gave the company an "overweight" rating in a report on Friday, October 30th. Finally, Freedom Broker lifted their price objective on Amazon.com from $255.00 to $330.00 and gave the stock a "buy" rating in a research note on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $321.74.

Amazon.com News Summary

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.

Amazon.com Stock Performance

Shares of AMZN stock opened at $266.93 on Tuesday. The company has a 50-day simple moving average of $253.97 and a 200 day simple moving average of $243.74. The company has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.02 and a beta of 1.49. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This trade represents a 1.32% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares in the company, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,545,595 over the last three months. 8.90% of the stock is owned by corporate insiders.

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.

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