Harvest Fund Management Co. Ltd Purchases 155,714 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Harvest Fund Management Co. Ltd lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 42.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,318 shares of the e-commerce giant's stock after purchasing an additional 155,714 shares during the period. Amazon.com comprises approximately 5.3% of Harvest Fund Management Co. Ltd's holdings, making the stock its 4th biggest holding. Harvest Fund Management Co. Ltd's holdings in Amazon.com were worth $114,764,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC boosted its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $54,000. Finally, Iron Horse Wealth Management LLC raised its holdings in Amazon.com by 64.4% in the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock valued at $63,000 after acquiring an additional 112 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN traded up $8.71 during midday trading on Wednesday, hitting $181.89. 44,124,226 shares of the stock traded hands, compared to its average volume of 41,840,833. The business's 50 day moving average price is $196.07 and its two-hundred day moving average price is $207.85. The firm has a market capitalization of $1.93 trillion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on Amazon.com from $275.00 to $248.00 and set a "buy" rating for the company in a research report on Wednesday. Scotiabank lowered their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wolfe Research upped their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Citizens Jmp lowered their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $247.56.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last three months. 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.