Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Harrell Investment Partners LLC

Harrell Investment Partners LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,707 shares of the e-commerce giant’s stock after selling 1,055 shares during the quarter. Amazon.com comprises approximately 1.8% of Harrell Investment Partners LLC’s holdings, making the stock its 17th largest position. Harrell Investment Partners LLC’s holdings in Amazon.com were worth $6,033,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMZN. Norges Bank acquired a new position in Amazon.com during the fourth quarter valued at $27,266,582,000. GAMMA Investing LLC raised its stake in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors raised its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. increased its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC increased its position in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,426,963 shares of company stock valued at $757,297,707. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Benchmark reissued a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley decreased their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Truist Financial boosted their price target on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.60.

Amazon.com Trading Up 1.5%

NASDAQ AMZN opened at $223.13 on Monday. The stock has a 50-day simple moving average of $206.44 and a 200 day simple moving average of $208.52. The company has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.33. 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, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced 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 return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.