Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Granite Harbor Advisors Inc.

Granite Harbor Advisors Inc. lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,235 shares of the e-commerce giant’s stock after selling 279 shares during the period. Amazon.com comprises 2.8% of Granite Harbor Advisors Inc.’s portfolio, making the stock its 12th largest holding. Granite Harbor Advisors Inc.’s holdings in Amazon.com were worth $5,098,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com in the 3rd quarter valued at $56,000. Finally, IFS Advisors LLC raised its stake in shares of Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 325 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Canaccord Genuity Group raised their target price on shares of Amazon.com from $265.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Finally, Royal Bank of Canada lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,852 shares of company stock valued at $9,324,151 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 2.8 %

Amazon.com stock opened at $216.58 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $227.88 and a two-hundred day moving average price of $203.96. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.57 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted 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 net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.