Harvard Management Co. Inc. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Harvard Management Co. Inc. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 67,500 shares of the e-commerce giant's stock, valued at approximately $14,809,000. Amazon.com accounts for 0.9% of Harvard Management Co. Inc.'s portfolio, making the stock its 13th biggest position.

A number of other large investors have also recently made changes to their positions in AMZN. Bard Financial Services Inc. lifted its holdings in shares of Amazon.com by 0.9% during the 4th quarter. Bard Financial Services Inc. now owns 55,690 shares of the e-commerce giant's stock valued at $12,218,000 after buying an additional 475 shares during the period. Iowa State Bank increased its position in Amazon.com by 1.3% during the fourth quarter. Iowa State Bank now owns 47,054 shares of the e-commerce giant's stock valued at $10,323,000 after acquiring an additional 602 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in Amazon.com by 3.7% in the fourth quarter. Kozak & Associates Inc. now owns 83,736 shares of the e-commerce giant's stock valued at $18,773,000 after acquiring an additional 2,950 shares during the period. Insight Wealth Strategies LLC boosted its position in Amazon.com by 1.0% in the fourth quarter. Insight Wealth Strategies LLC now owns 27,811 shares of the e-commerce giant's stock worth $6,101,000 after purchasing an additional 265 shares during the last quarter. Finally, Fortem Financial Group LLC grew its stake in shares of Amazon.com by 7.8% during the 4th quarter. Fortem Financial Group LLC now owns 21,076 shares of the e-commerce giant's stock valued at $4,624,000 after purchasing an additional 1,526 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,081 shares of company stock worth $17,421,044. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

AMZN traded down $2.95 during trading hours on Wednesday, hitting $201.12. The company's stock had a trading volume of 42,365,189 shares, compared to its average volume of 41,955,975. The business's 50-day moving average price is $189.68 and its 200-day moving average price is $208.79. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.14 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.