Harrington Investments INC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,118 shares of the e-commerce giant’s stock after selling 625 shares during the period. Amazon.com accounts for approximately 2.4% of Harrington Investments INC’s portfolio, making the stock its 9th largest holding. Harrington Investments INC’s holdings in Amazon.com were worth $3,665,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AMZN. Alta Capital Management LLC increased its holdings in shares of Amazon.com by 11.4% in the second quarter. Alta Capital Management LLC now owns 150,103 shares of the e-commerce giant’s stock worth $19,567,000 after purchasing an additional 15,348 shares during the period. Sendero Wealth Management LLC increased its stake in Amazon.com by 15.4% in the second quarter. Sendero Wealth Management LLC now owns 114,032 shares of the e-commerce giant’s stock valued at $14,865,000 after acquiring an additional 15,246 shares during the last quarter. Birchcreek Wealth Management LLC increased its stake in Amazon.com by 15.7% in the second quarter. Birchcreek Wealth Management LLC now owns 9,707 shares of the e-commerce giant’s stock valued at $1,265,000 after acquiring an additional 1,315 shares during the last quarter. Lazari Capital Management Inc. bought a new position in Amazon.com in the second quarter valued at $11,029,000. Finally, Kathleen S. Wright Associates Inc. increased its stake in Amazon.com by 3.0% in the second quarter. Kathleen S. Wright Associates Inc. now owns 9,255 shares of the e-commerce giant’s stock valued at $1,206,000 after acquiring an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on AMZN shares. TD Cowen increased their target price on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Tigress Financial increased their target price on Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Truist Financial increased their target price on Amazon.com from $144.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Canaccord Genuity Group raised their price objective on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Argus reaffirmed a “buy” rating and set a $165.00 price objective on shares of Amazon.com in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.94.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $129.79 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $134.44 and its 200-day moving average price is $123.80. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The company has a market cap of $1.34 trillion, a P/E ratio of 102.20, a P/E/G ratio of 1.70 and a beta of 1.24.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the sale, the senior vice president now owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. Insiders have sold 1,408,645 shares of company stock valued at $55,207,763 over the last ninety days. Company insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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