Amazon.com, Inc. $AMZN is Harrington Investments INC’s 6th Largest Position

Harrington Investments INC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,260 shares of the e-commerce giant’s stock after selling 215 shares during the quarter. Amazon.com makes up about 3.2% of Harrington Investments INC’s investment portfolio, making the stock its 6th largest position. Harrington Investments INC’s holdings in Amazon.com were worth $5,981,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the 4th quarter worth approximately $25,000. Carderock Capital Management Inc. acquired a new position in Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter worth approximately $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter worth approximately $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $219.57 on Wednesday. The company has a market cap of $2.34 trillion, a P/E ratio of 33.47, a P/E/G ratio of 1.48 and a beta of 1.30. 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 stock has a 50-day moving average of $227.14 and a two-hundred day moving average of $210.58. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMZN shares. Piper Sandler upped their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Bank of America raised their price objective on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, September 11th. Monness Crespi & Hardt raised their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, BMO Capital Markets raised their target price on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $265.09.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 21,770,485 shares of company stock valued at $4,938,795,968. Insiders own 10.80% of the company’s stock.

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.