Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Hartline Investment Corp

Hartline Investment Corp boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,240 shares of the e-commerce giant’s stock after buying an additional 5,596 shares during the period. Amazon.com accounts for 3.8% of Hartline Investment Corp’s investment portfolio, making the stock its 7th largest position. Hartline Investment Corp’s holdings in Amazon.com were worth $30,417,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Meridian Investment Counsel Inc. grew its stake in Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after acquiring an additional 55 shares during the period. O Connor Financial Group LLC lifted its stake in shares of Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after purchasing an additional 55 shares during the period. Cherrydale Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares during the last quarter. Cedar Point Capital Partners LLC increased its stake in Amazon.com by 4.4% in the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock valued at $247,000 after purchasing an additional 56 shares during the last quarter. Finally, Mason & Associates Inc lifted its position in Amazon.com by 0.4% during the second quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant’s stock worth $2,595,000 after buying an additional 57 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Loop Capital increased their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research note on Tuesday, December 10th. Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Roth Mkm increased their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Scotiabank boosted their price target on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Stock Up 0.1 %

NASDAQ:AMZN opened at $225.06 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.37 trillion, a P/E ratio of 48.19, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The firm has a 50-day simple moving average of $205.83 and a two-hundred day simple moving average of $191.46.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 5.29 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.