Hardin Capital Partners LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hardin Capital Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,564 shares of the e-commerce giant’s stock after acquiring an additional 177 shares during the period. Hardin Capital Partners LLC’s holdings in Amazon.com were worth $468,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. raised its stake in Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares during the period. Wellington Shields & Co. LLC lifted its stake in shares of Amazon.com by 0.7% in the 1st quarter. Wellington Shields & Co. LLC now owns 26,973 shares of the e-commerce giant’s stock valued at $4,865,000 after purchasing an additional 183 shares during the period. BCU Wealth Advisors LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $220,000. Finally, Wellington Shields Capital Management LLC grew its stake in Amazon.com by 10.1% in the first quarter. Wellington Shields Capital Management LLC now owns 91,791 shares of the e-commerce giant’s stock worth $16,557,000 after purchasing an additional 8,395 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $202.88 on Thursday. The firm has a market cap of $2.13 trillion, a PE ratio of 43.44, a PEG ratio of 1.36 and a beta of 1.14. The stock has a 50 day moving average of $192.56 and a 200 day moving average of $186.18. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $141.50 and a 12 month high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMZN shares. Royal Bank of Canada boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group upped their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Finally, Morgan Stanley lifted their price target on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.77.

Amazon.com Company 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.