Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Harbor Group Inc.

Harbor Group Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,856 shares of the e-commerce giant’s stock after selling 84 shares during the quarter. Harbor Group Inc.’s holdings in Amazon.com were worth $353,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMZN. Foster Group Inc. grew its position in shares of Amazon.com by 16.8% during the first quarter. Foster Group Inc. now owns 18,639 shares of the e-commerce giant’s stock worth $3,546,000 after buying an additional 2,675 shares in the last quarter. AMI Investment Management Inc. lifted its stake in Amazon.com by 3.6% in the first quarter. AMI Investment Management Inc. now owns 22,028 shares of the e-commerce giant’s stock worth $4,191,000 after acquiring an additional 764 shares during the last quarter. Fjell Capital LLC grew its holdings in Amazon.com by 9.6% during the 1st quarter. Fjell Capital LLC now owns 15,299 shares of the e-commerce giant’s stock worth $2,911,000 after acquiring an additional 1,335 shares in the last quarter. Vest Financial LLC grew its holdings in Amazon.com by 73.0% during the 1st quarter. Vest Financial LLC now owns 72,709 shares of the e-commerce giant’s stock worth $13,834,000 after acquiring an additional 30,683 shares in the last quarter. Finally, Annex Advisory Services LLC increased its position in shares of Amazon.com by 35.8% in the 1st quarter. Annex Advisory Services LLC now owns 338,455 shares of the e-commerce giant’s stock valued at $64,394,000 after purchasing an additional 89,294 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Wall Street Zen cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Royal Bank Of Canada cut their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Tigress Financial upped their price target on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. BNP Paribas upgraded shares of Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their target price on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.89.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the business’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 sale, the director now directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $214.82 on Wednesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. The company’s 50-day moving average is $196.86 and its two-hundred day moving average is $209.30. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business 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 10.14% and a return on equity of 24.14%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.