Hazlett Burt & Watson Inc. Purchases 2,449 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hazlett Burt & Watson Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,190 shares of the e-commerce giant's stock after purchasing an additional 2,449 shares during the quarter. Amazon.com makes up approximately 2.9% of Hazlett Burt & Watson Inc.'s investment portfolio, making the stock its 5th largest holding. Hazlett Burt & Watson Inc.'s holdings in Amazon.com were worth $6,622,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Swedbank AB grew its position in Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com during the third quarter worth $279,000. Howard Capital Management Group LLC grew its holdings in shares of Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after buying an additional 897 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after acquiring an additional 984,570 shares during the period. Finally, Prospera Private Wealth LLC raised its stake in Amazon.com by 230.3% in the 3rd quarter. Prospera Private Wealth LLC now owns 28,774 shares of the e-commerce giant's stock worth $5,361,000 after acquiring an additional 20,063 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday. Piper Sandler restated an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday. Citigroup cut their price objective on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group decreased their target price on shares of Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Three equities research analysts have 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 target price of $243.55.

Amazon.com Price Performance

AMZN stock traded down $0.22 during mid-day trading on Friday, reaching $189.98. The company's stock had a trading volume of 77,794,995 shares, compared to its average volume of 41,694,379. The stock has a market cap of $2.02 trillion, a PE ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. The company's 50 day moving average is $190.48 and its two-hundred day moving average is $208.06. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 5,848 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the sale, the senior vice president now owns 69,162 shares of the company's stock, valued at $15,265,436.64. This represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by insiders.

About Amazon.com

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.