Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 612,682 shares of the e-commerce giant’s stock after selling 8,335 shares during the period. Amazon.com accounts for 3.5% of Hartford Investment Management Co.’s investment portfolio, making the stock its 3rd biggest holding. Hartford Investment Management Co.’s holdings in Amazon.com were worth $93,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mayflower Financial Advisors LLC boosted its holdings in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp boosted its holdings in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Laurel Wealth Planning LLC boosted its holdings in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com in the fourth quarter worth $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com during the first quarter valued at about $38,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN opened at $179.22 on Friday. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The firm has a market capitalization of $1.86 trillion, a PE ratio of 61.80, a P/E/G ratio of 1.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a fifty day moving average price of $177.28 and a two-hundred day moving average price of $156.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,014,055 shares in the company, valued at $339,670,375.75. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,798,456 in the last quarter. Company insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Morgan Stanley upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $202.80.

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.