Flagship Harbor Advisors LLC Invests $34.41 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Flagship Harbor Advisors LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 184,650 shares of the e-commerce giant’s stock, valued at approximately $34,406,000. Amazon.com makes up approximately 1.9% of Flagship Harbor Advisors LLC’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds also recently bought and sold shares of AMZN. Argus Investors Counsel Inc. raised its holdings in shares of Amazon.com by 7.2% during the 3rd quarter. Argus Investors Counsel Inc. now owns 19,020 shares of the e-commerce giant’s stock worth $3,544,000 after acquiring an additional 1,274 shares during the period. Rodgers & Associates LTD increased its position in Amazon.com by 8.9% during the third quarter. Rodgers & Associates LTD now owns 1,352 shares of the e-commerce giant’s stock worth $252,000 after purchasing an additional 110 shares during the last quarter. Harbor Advisory Corp MA raised its stake in Amazon.com by 0.9% during the third quarter. Harbor Advisory Corp MA now owns 50,083 shares of the e-commerce giant’s stock worth $9,332,000 after purchasing an additional 451 shares during the period. Sky Investment Group LLC boosted its holdings in Amazon.com by 22.5% in the 3rd quarter. Sky Investment Group LLC now owns 31,605 shares of the e-commerce giant’s stock valued at $5,889,000 after purchasing an additional 5,796 shares during the last quarter. Finally, Traphagen Investment Advisors LLC grew its stake in shares of Amazon.com by 3.0% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 18,268 shares of the e-commerce giant’s stock valued at $3,404,000 after buying an additional 532 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.6 %

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 company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm’s fifty day moving average price is $193.00 and its 200 day moving average price is $186.31.

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

Analysts Set New Price Targets

A number of research analysts recently commented on AMZN shares. The Goldman Sachs Group upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Sanford C. Bernstein increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Roth Mkm boosted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.77.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by insiders.

Amazon.com Company 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.