Harbor Capital Advisors LLC has a $9.89 million stake in Amazon.com, Inc. (NASDAQ:AMZN)

Harbour Capital Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 9.6% in the first quarter, according to the company’s latest SEC filing on Form 13F. The firm owned 54,732 shares of the e-commerce giant after selling 5,821 shares during the quarter. Amazon.com makes up about 2.5% of Harbour Capital Advisors LLC’s investment portfolio, making the stock its fifth-largest holding. Harbour Capital Advisors LLC’s stake in Amazon.com was worth $9,890,000 at the end of the last quarter.

Several other hedge funds and other institutional investors also bought and sold shares of the company. ShoreHaven Wealth Partners LLC increased its stake in Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares during the period. O Dell Group LLC increased its position in shares of Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares during the period. Measured Wealth Private Client Group LLC increased its stake in shares of Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after acquiring an additional 62 shares during the last quarter. Ballew Advisors Inc. increased its position in shares of Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc. now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after acquiring an additional 62 shares during the period. Finally, Socha Financial Group LLC increased its stake in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts set new price targets

Several equity research analysts have commented on the stock. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the stock a “overweight” rating in a research note on Wednesday, May 1. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. Mizuho raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Bank of America raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26. Finally, JMP Securities reissued a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-three gave the stock a “buy” rating, and one gave the stock a “strong buy” rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $215.86.

Read our latest analysis on Amazon.com

Amazon.com shares down 1.2%

NASDAQ:AMZN stock opened at $197.59 on Thursday. The company has a 50-day price average of $184.68 and a 200-day price average of $173.98. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a PEG ratio of 1.38, and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07, and a current ratio of 0.87. The one-year low for Amazon.com, Inc. stock is $118.35, and a one-year high of $200.43.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company reported earnings per share of $0.31. The company’s revenue increased 12.5% ​​compared to the same quarter last year. Analysts are predicting that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Amazon.com Internal Transactions

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the CEO now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The sale was disclosed in legal documents filed with the Securities & Exchange Commission and available on the SEC’s website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the CEO now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. Disclosure of this sale can be found here . Over the last 90 days, insiders have sold 69,548 shares of the company’s stock valued at $12,774,204. 10.80% of the stock is owned by corporate insiders.

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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