HTG Investment Advisors Inc. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

HTG Investment Advisors Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,882 shares of the e-commerce giant’s stock after selling 126 shares during the quarter. HTG Investment Advisors Inc.’s holdings in Amazon.com were worth $739,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter worth approximately $40,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on AMZN shares. UBS Group reissued a “buy” rating and set a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Royal Bank Of Canada increased their price target on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Canaccord Genuity Group reissued a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Finally, HSBC raised their target price on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $262.87.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares in the company, valued at approximately $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,096,253 shares of company stock worth $5,673,745,409 in the last quarter. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 2.9%

Shares of NASDAQ AMZN opened at $230.98 on Friday. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business has a 50-day moving average of $221.06 and a two-hundred day moving average of $208.69. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.