Amazon.com, Inc. (NASDAQ:AMZN) is the ninth largest Harbor Advisory Corp MA

Harbor Advisory Corp MA reduced its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.0% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor holds 50,656 shares of the e-commerce giant after selling 513 shares during the quarter. Amazon.com accounts for about 3.1% of Harbor Advisory Corp MA’s stake, making it the 9th largest holding. Harbor Advisory Corp MA’s stake in Amazon.com was worth $9,137,000 at the end of the last reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings in AMZN. Cooksen Wealth LLC bought a new share of Amazon.com in the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant worth $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new position in Amazon.com in the fourth quarter worth about $43,000. Harbor Investment Advisory LLC increased its position in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant worth $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new position in Amazon.com in the fourth quarter worth approximately $46,000. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $200.00 on Monday. The company has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The low to high of Amazon.com, Inc. stock over a year was $118.35, and the high was $200.55. 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 stock’s 50 day moving average price is $185.99 and its 200-day moving average is $174.94.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share 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 analysts’ expectations of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% ​​compared to the same quarter last year. Equity analysts, on average, forecast that Amazon.com, Inc. will post earnings of 4.72 per share for the current year.

Wall Street analysts predict growth

Multiple research analysts have commented on AMZN stock. UBS Group raised their price objective for Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Mizuho raised their price objective for Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Oppenheimer raised their price objective for Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1. JPMorgan Chase & Co. raised their price objective for Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1. Finally, Roth Mkm reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com (up from $205.00 previously) in a research report on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given the company a “strong buy” rating. The stock has a consensus rating of “buy” and an average price target of $215.86, according to data from MarketBeat.com.

Check out our latest report on AMZN

Buying and selling confidential information

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in legal documents filed with the SEC, which are available on the SEC’s website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in legal documents filed with the SEC, which are available through this hyperlink . Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total of $292,804,474.96. Following the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. Disclosure regarding this sale can be found here . Over the last three months, insiders have sold 1,532,985 shares of the company’s stock, valued at $305,578,679. Insiders own 10.80% of the stock.

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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