Hartford Investment Management Co . reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,183 shares of the e-commerce giant’s stock after selling 2,920 shares during the period. Amazon.com comprises about 3.7% of Hartford Investment Management Co.’s investment portfolio, making the stock its 3rd biggest holding. Hartford Investment Management Co. properties. in Amazon.com were worth $140,774,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Stuart Chaussee & Associates Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. Gibson Wealth Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $33,000. Leverty Financial Group LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $36,000. MBM Wealth Consultants LLC boosted its position in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares during the last quarter. Finally, William Allan LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $47,000. 72.51% of the shares are owned by institutional investors.
Several research analysts recently commented on AMZN shares. Goldman Sachs Group reduced their price objective on Amazon.com from $185.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, June 9th. Jefferies Financial Group reduced their price objective on Amazon.com from $185.00 to $162.50 in a research report on Tuesday, May 31st. Raymond James reduced their price objective on Amazon.com from $197.50 to $165.00 in a research report on Friday, April 29th. Morgan Stanley reduced their price objective on Amazon.com from $210.00 to $190.00 in a research report on Friday, April 29th. Finally, Wolfe Research decreased their price objective on Amazon.com from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty-seven have assigned a buy rating to the stock. The company has an average rating of “Moderate Buy” and a consensus target price of $185.45, according to MarketBeat.com.
In related news, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the sale, the chief executive officer now owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 173 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now directly owns 5,989 shares in the company, valued at approximately $12,991,458.58. Disclosure for this sale can be found here. In the last three months, insiders have sold 4,803 shares of company stock valued at $10,528,337. 12.70% of the shares are currently owned by company insiders.
Shares of AMZN stock opened at $115.54 on Friday. The stock’s fifty day moving average price is $112.64 and its two hundred day moving average price is $140.23. The company has a market cap of $1.18 trillion, a PE ratio of 55.78, a P/E/G ratio of 3.71 and a beta of 1.25. Amazon.com, Inc. it has a fifty-two week low of $101.26 and a fifty-two week high of $188.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71, and a current ratio of 0.96.
Amazon.com (NASDAQ:AMZN – Get Rating ) last released its earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $116.44 billion during the quarter, compared to analyst estimates of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period a year ago, the business posted $0.79 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 1.17 EPS for the current fiscal year.
Amazon.com Company Profile (Get rating)
Amazon.com, Inc. engages in the retail sale of consumer and subscription products in North America and internationally. The company operates through three segments: North America, International and Amazon Web Services (AWS). It sells goods and content purchased for resale from third-party sellers through physical and online stores.
Want to see what other hedge funds AMZN is holding? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Amazon.com, Inc. ( NASDAQ:AMZN – Get Rating ).
Get Amazon.com news and reviews every day – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com ‘s FREE daily email newsletter.