Hartford Financial Management Inc. Sells 10 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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Hartford Financial Management Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 532 shares of the e-commerce giant’s stock after selling 10 shares during the period. Hartford Financial Management Inc.’s holdings in Amazon.com were worth $1,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pachira Investments Inc. grew its holdings in Amazon.com by 4.3% during the second quarter. Pachira Investments Inc. now owns 120 shares of the e-commerce giant’s stock valued at $227,000 after purchasing an additional 5 shares during the period. West Oak Capital LLC boosted its holdings in shares of Amazon.com by 0.3% in the second quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock worth $2,755,000 after acquiring an additional 5 shares during the period. Dorsey Wright & Associates boosted its holdings in shares of Amazon.com by 0.4% in the second quarter. Dorsey Wright & Associates now owns 1,476 shares of the e-commerce giant’s stock worth $2,795,000 after acquiring an additional 6 shares during the period. RDA Financial Network boosted its holdings in shares of Amazon.com by 0.8% in the second quarter. RDA Financial Network now owns 806 shares of the e-commerce giant’s stock worth $1,574,000 after acquiring an additional 6 shares during the period. Finally, Altman Advisors Inc. boosted its holdings in shares of Amazon.com by 0.3% in the second quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock worth $3,715,000 after acquiring an additional 6 shares during the period. Hedge funds and other institutional investors own 57.26% of the company’s stock.

A number of equities analysts have recently commented on AMZN shares. Bank of America reaffirmed a “buy” rating and issued a $2,350.00 price target (up from $2,300.00) on shares of Amazon.com in a report on Friday, July 26th. Deutsche Bank raised their price target on Amazon.com from $2,315.00 to $2,515.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,300.00 price target on shares of Amazon.com in a report on Friday, July 26th. Oppenheimer set a $2,100.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Cowen set a $2,500.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,251.95.

NASDAQ AMZN opened at $1,823.54 on Thursday. The stock’s 50-day simple moving average is $1,898.84 and its two-hundred day simple moving average is $1,817.79. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $898.35 billion, a price-to-earnings ratio of 90.54, a PEG ratio of 2.30 and a beta of 1.55.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the previous year, the business earned $5.07 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 24.52 earnings per share for the current fiscal year.

In other Amazon.com news, SVP David Zapolsky sold 880 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,776.73, for a total transaction of $1,563,522.40. Following the sale, the senior vice president now owns 3,749 shares in the company, valued at $6,660,960.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the sale, the vice president now owns 6,307 shares in the company, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. Insiders have sold 14,570 shares of company stock worth $27,690,021 in the last 90 days. Company insiders own 16.10% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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