Harbor Capital Advisors Inc. Has $19.31 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Harbor Capital Advisors Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,617 shares of the e-commerce giant’s stock after selling 673 shares during the period. Amazon.com accounts for about 0.8% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 6th biggest holding. Harbor Capital Advisors Inc.’s holdings in Amazon.com were worth $19,307,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its position in shares of Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares in the last quarter. Quent Capital LLC lifted its position in shares of Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after buying an additional 1,081 shares in the last quarter. Vancity Investment Management Ltd lifted its position in shares of Amazon.com by 3.6% in the first quarter. Vancity Investment Management Ltd now owns 154,826 shares of the e-commerce giant’s stock worth $27,927,000 after buying an additional 5,431 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Amazon.com by 4.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 518,529 shares of the e-commerce giant’s stock worth $93,532,000 after buying an additional 22,179 shares in the last quarter. Finally, Innova Wealth Partners lifted its position in shares of Amazon.com by 40.4% in the first quarter. Innova Wealth Partners now owns 3,308 shares of the e-commerce giant’s stock worth $597,000 after buying an additional 952 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Scotiabank boosted their target price on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $237.42.

Amazon.com Stock Down 0.5 %

Shares of NASDAQ AMZN opened at $225.04 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.37 trillion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The stock’s fifty day simple moving average is $198.19 and its two-hundred day simple moving average is $188.47. Amazon.com, Inc. has a 12-month low of $143.64 and a 12-month high of $230.08.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. Insiders own 10.80% of the company’s stock.

Amazon.com 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.