Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 30.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,181 shares of the e-commerce giant’s stock after acquiring an additional 1,450 shares during the period. Amazon.com makes up 0.1% of Hartford Funds Management Co LLC’s portfolio, making the stock its 16th biggest position. Hartford Funds Management Co LLC’s holdings in Amazon.com were worth $806,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the period. HBC Financial Services PLLC increased its stake in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the period. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares during the period. Alterna Wealth Management Inc. increased its stake in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the period. Finally, Archetype Wealth Partners increased its stake in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 target price on shares of Amazon.com in a research note on Tuesday, October 10th. Evercore ISI lifted their price objective on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Bank of America reaffirmed a “buy” rating and issued a $174.00 price objective on shares of Amazon.com in a research note on Tuesday, September 26th. StockNews.com raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Finally, TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a research note on Friday, October 27th. One analyst has rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.93.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the sale, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the transaction, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The disclosure for this sale can be found here. In the last three months, insiders sold 67,572 shares of company stock valued at $9,639,169. Company insiders own 12.30% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $145.18 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $133.72 and a 200 day simple moving average of $129.77. The company has a market cap of $1.50 trillion, a P/E ratio of 75.22, a P/E/G ratio of 1.93 and a beta of 1.17. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $147.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.27. The business had revenue of $143.08 billion during the quarter, compared to the consensus estimate of $141.53 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. On average, sell-side analysts predict that Amazon.com, Inc. will post 2.6 EPS for the current year.

Amazon.com Profile

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