Hartland & Co. LLC Increases Holdings in Amazon.com, Inc. (AMZN)

Hartland & Co. LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,137 shares of the e-commerce giant’s stock after buying an additional 200 shares during the quarter. Hartland & Co. LLC’s holdings in Amazon.com were worth $3,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Marcus Capital LLC raised its position in shares of Amazon.com by 2.4% during the 2nd quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock worth $1,990,000 after purchasing an additional 27 shares during the period. Winthrop Advisory Group LLC raised its position in shares of Amazon.com by 3.8% during the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock worth $1,265,000 after purchasing an additional 27 shares during the period. BKD Wealth Advisors LLC raised its position in shares of Amazon.com by 3.1% during the 2nd quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock worth $1,603,000 after purchasing an additional 28 shares during the period. SignalPoint Asset Management LLC raised its position in shares of Amazon.com by 2.0% during the 2nd quarter. SignalPoint Asset Management LLC now owns 1,453 shares of the e-commerce giant’s stock worth $2,470,000 after purchasing an additional 29 shares during the period. Finally, Granite Springs Asset Management LLC raised its position in shares of Amazon.com by 6.1% during the 2nd quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock worth $880,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 56.12% of the company’s stock.

Shares of NASDAQ AMZN opened at $1,673.57 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The firm has a market cap of $820.37 billion, a price-to-earnings ratio of 367.82, a PEG ratio of 3.19 and a beta of 1.70. Amazon.com, Inc. has a 1 year low of $1,124.74 and a 1 year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. The firm had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. Equities research analysts forecast that Amazon.com, Inc. will post 19.49 earnings per share for the current year.

A number of analysts have recently weighed in on the company. DA Davidson increased their price target on Amazon.com from $2,200.00 to $2,450.00 and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Wells Fargo & Co reiterated a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research report on Monday, October 1st. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Robert W. Baird reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, September 3rd. Finally, Macquarie reissued a “buy” rating and issued a $2,200.00 price objective on shares of Amazon.com in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $2,101.01.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $20,042,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total value of $1,853,536.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,842 shares of company stock valued at $46,521,741. 16.30% of the stock is currently owned by corporate insiders.

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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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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