Private Harbour Investment Management & Counsel LLC Sells 810 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Private Harbour Investment Management & Counsel LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,341 shares of the e-commerce giant’s stock after selling 810 shares during the quarter. Amazon.com accounts for approximately 3.0% of Private Harbour Investment Management & Counsel LLC’s holdings, making the stock its 12th largest position. Private Harbour Investment Management & Counsel LLC’s holdings in Amazon.com were worth $2,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter worth $749,000. Segall Bryant & Hamill LLC increased its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth $12,014,000. Evergreen Capital Management LLC increased its stake in shares of 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 worth $53,213,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Amazon.com by 173.6% in the 4th 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. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $225.69 on Tuesday. The stock has a market cap of $2.40 trillion, a P/E ratio of 36.76, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a fifty day moving average price of $210.69 and a two-hundred day moving average price of $208.38. 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 earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, July 8th. Wells Fargo & Company raised their price target on Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Oppenheimer raised their price target on Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. Finally, Piper Sandler set a $250.00 target price on Amazon.com and gave the company an “overweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $249.42.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer directly owned 2,148,694 shares of the company’s stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares of the company’s stock, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock valued at $1,531,840,610 in the last quarter. Company insiders own 10.80% of the company’s stock.

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.