Harbor Advisory Corp MA Sells 495 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Harbor Advisory Corp MA reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,588 shares of the e-commerce giant’s stock after selling 495 shares during the period. Amazon.com comprises about 3.6% of Harbor Advisory Corp MA’s portfolio, making the stock its 6th biggest holding. Harbor Advisory Corp MA’s holdings in Amazon.com were worth $10,879,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Portfolio Design Labs LLC raised its position in shares of Amazon.com by 23.9% in the fourth quarter. Portfolio Design Labs LLC now owns 68,528 shares of the e-commerce giant’s stock worth $15,034,000 after acquiring an additional 13,210 shares during the period. Fortress Financial Solutions LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $1,237,000. Augustine Asset Management Inc. raised its holdings in Amazon.com by 10.4% in the 4th quarter. Augustine Asset Management Inc. now owns 5,031 shares of the e-commerce giant’s stock worth $1,104,000 after purchasing an additional 472 shares during the period. Quent Capital LLC boosted its position in Amazon.com by 9.4% during the fourth quarter. Quent Capital LLC now owns 40,602 shares of the e-commerce giant’s stock worth $8,908,000 after purchasing an additional 3,496 shares in the last quarter. Finally, CAP Partners LLC grew its holdings in Amazon.com by 1.1% in the fourth quarter. CAP Partners LLC now owns 15,691 shares of the e-commerce giant’s stock valued at $3,442,000 after purchasing an additional 173 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Robert W. Baird increased their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. UBS Group boosted their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Stock Performance

Shares of AMZN stock opened at $199.25 on Monday. The firm has a 50 day moving average of $224.11 and a two-hundred day moving average of $206.99. The stock has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by company 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.