Andrew Hill Investment Advisors Inc. Acquires 5,488 Shares of Amazon.com, Inc. $AMZN

Andrew Hill Investment Advisors Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 46.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,340 shares of the e-commerce giant’s stock after purchasing an additional 5,488 shares during the quarter. Amazon.com makes up approximately 3.0% of Andrew Hill Investment Advisors Inc.’s investment portfolio, making the stock its 18th biggest position. Andrew Hill Investment Advisors Inc.’s holdings in Amazon.com were worth $3,807,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $27,000. Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Ryan Investment Management Inc. purchased a new position in Amazon.com during the second quarter valued at approximately $48,000. Cooksen Wealth LLC boosted its position in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares during the period. Finally, Access Investment Management LLC purchased a new stake in shares of Amazon.com in the second quarter worth $74,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the sale, the director owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 79,734 shares of company stock worth $18,534,017. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.2%

Shares of NASDAQ AMZN opened at $232.53 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The firm’s 50-day moving average price is $231.61 and its 200-day moving average price is $226.55. The stock has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.60 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. Raymond James Financial lifted their target price on shares of Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Loop Capital boosted their price objective on Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, October 31st. JMP Securities set a $300.00 target price on Amazon.com in a research note on Friday, October 31st. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $295.00 price target (up from $292.00) on shares of Amazon.com in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $295.50.

Read Our Latest Stock Analysis on AMZN

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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