Harbor Investment Advisory LLC Sells 258 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Harbor Investment Advisory LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,701 shares of the e-commerce giant’s stock after selling 258 shares during the period. Harbor Investment Advisory LLC’s holdings in Amazon.com were worth $54,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Davidson Investment Advisors raised its stake in Amazon.com by 1.0% in the 3rd quarter. Davidson Investment Advisors now owns 502,883 shares of the e-commerce giant’s stock valued at $63,926,000 after acquiring an additional 4,748 shares during the period. TAGStone Capital Inc. raised its stake in Amazon.com by 0.3% in the 3rd quarter. TAGStone Capital Inc. now owns 63,749 shares of the e-commerce giant’s stock valued at $8,104,000 after acquiring an additional 168 shares during the period. Davidson Trust Co. grew its holdings in Amazon.com by 32.1% during the 3rd quarter. Davidson Trust Co. now owns 3,909 shares of the e-commerce giant’s stock valued at $497,000 after buying an additional 949 shares in the last quarter. Argent Advisors Inc. grew its holdings in Amazon.com by 2.8% during the 3rd quarter. Argent Advisors Inc. now owns 3,847 shares of the e-commerce giant’s stock valued at $489,000 after buying an additional 105 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Amazon.com by 17.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,825,619 shares of the e-commerce giant’s stock valued at $232,073,000 after buying an additional 268,806 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock worth $11,894,344 in the last quarter. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley lifted their target price on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. BMO Capital Markets lifted their target price on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Loop Capital lifted their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. JPMorgan Chase & Co. lifted their target price on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $215.74.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $193.61 on Thursday. 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 1 year low of $118.35 and a 1 year high of $194.80. The stock’s 50 day simple moving average is $182.88 and its two-hundred day simple moving average is $172.28. The company has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.23, a PEG ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

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.