Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 612,682 shares of the e-commerce giant’s stock after selling 8,335 shares during the quarter. Amazon.com comprises about 3.5% of Hartford Investment Management Co.’s holdings, making the stock its 3rd biggest position. Hartford Investment Management Co.’s holdings in Amazon.com were worth $93,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AMZN. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the first quarter valued at $228,000. Krane Funds Advisors LLC lifted its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter valued at $258,000. My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter valued at $191,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. 12.30% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.1 %

Shares of AMZN opened at $179.22 on Friday. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The firm has a 50 day moving average price of $177.28 and a 200-day moving average price of $156.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMZN. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Amazon.com in a research report on Wednesday, April 10th. UBS Group raised their price target on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays lifted their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Maxim Group began coverage on shares of Amazon.com in a research report on Wednesday. They issued a “buy” rating and a $218.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $202.80.

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.