Amazon.com, Inc. (NASDAQ:AMZN) is Harbor Advisory Corp MA’s 8th Largest Position

Harbor Advisory Corp MA lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,632 shares of the e-commerce giant’s stock after selling 1,024 shares during the quarter. Amazon.com accounts for about 3.3% of Harbor Advisory Corp MA’s investment portfolio, making the stock its 8th largest position. Harbor Advisory Corp MA’s holdings in Amazon.com were worth $9,591,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its holdings in Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock worth $4,406,000 after buying an additional 21,595 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC boosted its position in shares of Amazon.com by 11.4% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 20,041 shares of the e-commerce giant’s stock worth $3,045,000 after acquiring an additional 2,057 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Amazon.com by 7.5% during the fourth quarter. Russell Investments Group Ltd. now owns 7,037,473 shares of the e-commerce giant’s stock valued at $1,070,100,000 after acquiring an additional 488,602 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in Amazon.com by 0.4% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 80,578 shares of the e-commerce giant’s stock worth $12,243,000 after purchasing an additional 292 shares in the last quarter. Finally, Consolidated Planning Corp boosted its holdings in shares of Amazon.com by 1.5% during the 4th quarter. Consolidated Planning Corp now owns 36,421 shares of the e-commerce giant’s stock valued at $5,534,000 after purchasing an additional 522 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. JPMorgan Chase & Co. decreased their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. UBS Group raised their target price on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Wedbush reiterated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $222.49.

Amazon.com Stock Down 0.3 %

Shares of NASDAQ AMZN opened at $186.49 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.94 trillion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock’s fifty day simple moving average is $179.51 and its two-hundred day simple moving average is $181.68. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.