Harbor Advisory Corp MA Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Harbor Advisory Corp MA increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,083 shares of the e-commerce giant’s stock after buying an additional 451 shares during the period. Amazon.com accounts for about 3.0% of Harbor Advisory Corp MA’s investment portfolio, making the stock its 9th biggest holding. Harbor Advisory Corp MA’s holdings in Amazon.com were worth $9,332,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com in the second quarter valued at approximately $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ:AMZN opened at $197.12 on Friday. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. The stock’s 50 day moving average price is $193.00 and its two-hundred day moving average price is $186.31. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMZN shares. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Jefferies Financial Group boosted their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company reiterated an “equal weight” rating and set a $197.00 price objective on shares of Amazon.com in a report on Wednesday. Finally, Morgan Stanley increased their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.77.

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.