Harbour Trust & Investment Management Co Increases Stock Position in Amazon.com, Inc. $AMZN

Harbour Trust & Investment Management Co lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,976 shares of the e-commerce giant’s stock after purchasing an additional 6,487 shares during the period. Amazon.com comprises approximately 1.5% of Harbour Trust & Investment Management Co’s holdings, making the stock its 20th biggest holding. Harbour Trust & Investment Management Co’s holdings in Amazon.com were worth $13,597,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at about $40,000. Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com during the 1st quarter worth about $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the transaction, the chief executive officer owned 3,138 shares in the company, valued at $695,286.66. This represents a 85.00% decrease in their position. The transaction 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 Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,084 shares of company stock worth $29,405,457 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Down 1.8%

Shares of Amazon.com stock opened at $249.32 on Wednesday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The stock has a market cap of $2.66 trillion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $226.43 and a 200 day moving average price of $217.49.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Amazon.com in a report on Friday. Barclays reiterated an “overweight” rating and issued a $300.00 price target (up from $275.00) on shares of Amazon.com in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective (up previously from $300.00) on shares of Amazon.com in a research report on Friday. KeyCorp increased their target price on Amazon.com from $300.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on Amazon.com from $265.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $293.42.

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.