Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Hara Capital LLC

Hara Capital LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,440 shares of the e-commerce giant’s stock after selling 250 shares during the quarter. Amazon.com accounts for approximately 0.9% of Hara Capital LLC’s holdings, making the stock its 28th largest holding. Hara Capital LLC’s holdings in Amazon.com were worth $1,413,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Momentous Wealth Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC boosted its holdings in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after acquiring an additional 39,696 shares during the period. Evergreen Capital Management LLC grew its position in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in Amazon.com during the fourth quarter worth about $12,014,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after purchasing an additional 2,196,353 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, June 2nd. Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Wedbush reissued an “outperform” rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $244.89.

Amazon.com Price Performance

NASDAQ:AMZN opened at $213.57 on Monday. The business’s 50-day moving average price is $191.84 and its 200 day moving average price is $208.82. The firm has a market cap of $2.27 trillion, a P/E ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the sale, the chief executive officer now directly owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last quarter. 9.70% of the stock is owned by company insiders.

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.