Hartford Financial Management Inc. Buys 569 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hartford Financial Management Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,269 shares of the e-commerce giant’s stock after acquiring an additional 569 shares during the period. Hartford Financial Management Inc.’s holdings in Amazon.com were worth $2,403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fiduciary Planning LLC boosted its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC raised its position in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its position in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its position in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its position in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Trading Down 0.6 %

NASDAQ AMZN opened at $95.46 on Thursday. The firm’s 50-day moving average is $90.67 and its two-hundred day moving average is $110.59. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The stock has a market capitalization of $973.85 billion, a P/E ratio of 87.62, a PEG ratio of 3.09 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same period in the previous year, the company earned $0.31 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock valued at $5,077,578 over the last 90 days. 12.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. JPMorgan Chase & Co. reduced their price target on shares of Amazon.com from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, December 16th. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Truist Financial cut their target price on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, October 28th. Telsey Advisory Group cut their target price on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, DA Davidson cut their target price on shares of Amazon.com to $114.00 in a report on Thursday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.87.

About Amazon.com

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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