Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Harrington Investments INC

Harrington Investments INC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,294 shares of the e-commerce giant’s stock after buying an additional 267 shares during the quarter. Amazon.com accounts for approximately 3.4% of Harrington Investments INC’s holdings, making the stock its 5th biggest holding. Harrington Investments INC’s holdings in Amazon.com were worth $6,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Rench Wealth Management Inc. grew its stake in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Blankinship & Foster LLC grew its position in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares in the last quarter. One Wealth Capital Management LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $4,270,000. Floyd Financial Group LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $4,494,000. Finally, Washington Trust Advisors Inc. boosted its stake in Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock valued at $41,972,000 after acquiring an additional 982 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN stock opened at $174.33 on Thursday. The firm has a 50-day moving average of $200.86 and a two-hundred day moving average of $208.06. The firm has a market capitalization of $1.85 trillion, a PE ratio of 31.52, a P/E/G ratio of 1.50 and a beta of 1.39. 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 one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last quarter. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AMZN shares. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. The Goldman Sachs Group upped their price objective on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. HSBC lifted their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $252.73.

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.