Hart & Patterson Financial Group LLC Sells 127 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hart & Patterson Financial Group LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,343 shares of the e-commerce giant’s stock after selling 127 shares during the quarter. Hart & Patterson Financial Group LLC’s holdings in Amazon.com were worth $295,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. Heritage Family Offices LLP purchased a new position in shares of Amazon.com in the 2nd quarter valued at $206,000. Equita Financial Network Inc. raised its position in shares of Amazon.com by 6.1% in the 2nd quarter. Equita Financial Network Inc. now owns 1,879 shares of the e-commerce giant’s stock valued at $363,000 after purchasing an additional 108 shares during the last quarter. Graypoint LLC lifted its stake in shares of Amazon.com by 4.0% during the second quarter. Graypoint LLC now owns 83,867 shares of the e-commerce giant’s stock worth $16,207,000 after buying an additional 3,247 shares during the period. Confluence Wealth Services Inc. lifted its position in Amazon.com by 7.5% during the 2nd quarter. Confluence Wealth Services Inc. now owns 26,760 shares of the e-commerce giant’s stock worth $5,171,000 after acquiring an additional 1,876 shares during the period. Finally, Nicola Wealth Management LTD. boosted its position in Amazon.com by 22.2% in the second quarter. Nicola Wealth Management LTD. now owns 66,000 shares of the e-commerce giant’s stock valued at $12,754,000 after buying an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMZN shares. Roth Mkm increased their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Piper Sandler increased their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Finally, Loop Capital boosted their price target on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.02.

Amazon.com Stock Performance

NASDAQ AMZN opened at $234.85 on Friday. 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 company has a market cap of $2.47 trillion, a P/E ratio of 50.29, a P/E/G ratio of 1.31 and a beta of 1.14. The stock has a 50-day moving average of $220.27 and a two-hundred day moving average of $197.47. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $236.40.

Amazon.com (NASDAQ:AMZN) last released 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 net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

Amazon.com 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.