Hartford Funds Management Co LLC Has $2.63 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hartford Funds Management Co LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,990 shares of the e-commerce giant’s stock after purchasing an additional 957 shares during the quarter. Amazon.com accounts for about 0.2% of Hartford Funds Management Co LLC’s investment portfolio, making the stock its 16th biggest holding. Hartford Funds Management Co LLC’s holdings in Amazon.com were worth $2,630,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Chatham Capital Group Inc. grew its holdings in shares of Amazon.com by 0.8% in the 4th quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant’s stock valued at $1,321,000 after buying an additional 50 shares during the period. E Fund Management Co. Ltd. lifted its holdings in Amazon.com by 51.2% during the fourth quarter. E Fund Management Co. Ltd. now owns 175,545 shares of the e-commerce giant’s stock worth $38,513,000 after acquiring an additional 59,454 shares in the last quarter. Candriam S.C.A. grew its stake in Amazon.com by 11.8% in the fourth quarter. Candriam S.C.A. now owns 2,023,771 shares of the e-commerce giant’s stock valued at $443,995,000 after acquiring an additional 213,039 shares during the period. Royal Harbor Partners LLC increased its holdings in shares of Amazon.com by 1.2% in the fourth quarter. Royal Harbor Partners LLC now owns 17,578 shares of the e-commerce giant’s stock worth $3,856,000 after acquiring an additional 206 shares in the last quarter. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $1,085,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Barclays increased their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Oppenheimer increased their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Wedbush restated an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.53.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $171.00 on Monday. The firm has a market cap of $1.81 trillion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The business’s 50 day moving average is $212.18 and its 200-day moving average is $209.22. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.