Harbor Capital Advisors Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 100,273 shares of the e-commerce giant's stock after selling 3,344 shares during the period. Amazon.com accounts for about 1.0% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 5th biggest holding. Harbor Capital Advisors Inc.'s holdings in Amazon.com were worth $21,999,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Legal & General Group Plc raised its stake in shares of Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after acquiring an additional 1,042,177 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Amazon.com by 3.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock valued at $10,776,201,000 after acquiring an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Amazon.com by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after acquiring an additional 1,980,663 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Amazon.com
In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
AMZN has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Stifel Nicolaus increased their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Raymond James lifted their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. Finally, Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $247.72.
View Our Latest Analysis on AMZN
Amazon.com Stock Performance
Shares of NASDAQ:AMZN traded up $4.30 during trading hours on Wednesday, hitting $235.01. The stock had a trading volume of 41,375,972 shares, compared to its average volume of 31,919,486. The stock's fifty day simple moving average is $218.73 and its 200 day simple moving average is $196.68. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.32, a PEG ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $235.44.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The firm's revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.
About Amazon.com
(
Free Report)
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.
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