Harbour Capital Advisors LLC Has $9.89 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Harbour Capital Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,732 shares of the e-commerce giant’s stock after selling 5,821 shares during the quarter. Amazon.com comprises about 2.5% of Harbour Capital Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Harbour Capital Advisors LLC’s holdings in Amazon.com were worth $9,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. ShoreHaven Wealth Partners LLC grew its stake in Amazon.com by 1.9% during 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 grew its position in shares of Amazon.com by 0.5% during the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after buying 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 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after acquiring an additional 62 shares in the last quarter. Ballew Advisors Inc lifted its position in shares of Amazon.com by 1.5% during the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock valued at $790,000 after acquiring an additional 62 shares during the period. Finally, Socha Financial Group LLC boosted its stake in Amazon.com by 3.3% during 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 equities research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Mizuho raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Bank of America upped their target price on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, JMP Securities reissued a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $215.86.

Amazon.com Stock Down 1.2 %

Shares of NASDAQ:AMZN opened at $197.59 on Thursday. The firm has a fifty day moving average price of $184.68 and a two-hundred day moving average price of $173.98. The company has a market cap 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 quick ratio of 0.87. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $200.43.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. 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 business posted $0.31 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Transactions at Amazon.com

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

Amazon.com Profile

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.