Harvest Investment Services LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Harvest Investment Services LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,586 shares of the e-commerce giant’s stock after buying an additional 681 shares during the quarter. Harvest Investment Services LLC’s holdings in Amazon.com were worth $1,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $27,000. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter worth about $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMZN shares. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Jefferies Financial Group dropped their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Mizuho dropped their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Bank of America dropped their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Insider Transactions at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was 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. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 in the last three months. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Up 0.2%

NASDAQ:AMZN opened at $205.59 on Friday. The firm’s 50-day moving average price is $189.33 and its 200-day moving average price is $208.50. The company has a market capitalization of $2.18 trillion, a PE ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.