Harbour Investment Management LLC Has $8.50 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• Harbour Investment Management LLC reduced its stake in Amazon.com, Inc. by 6.2%, now holding shares worth approximately $8.50 million, making it the firm’s fourth largest holding.
• Several large investors, including Kingstone Capital Partners, have significantly increased their stakes in Amazon, highlighting strong institutional interest in the company.
• Analysts have raised their target prices for Amazon stock, with Wedbush setting a new target of $280.00 and a consensus rating of "Buy" across multiple reports.

Harbour Investment Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,734 shares of the e-commerce giant's stock after selling 2,550 shares during the quarter. Amazon.com accounts for about 3.7% of Harbour Investment Management LLC's investment portfolio, making the stock its 4th largest holding. Harbour Investment Management LLC's holdings in Amazon.com were worth $8,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its stake in shares of Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after buying an additional 132,616,953 shares during the period. Nuveen LLC purchased a new stake in Amazon.com during the 1st quarter valued at $11,674,091,000. Goldman Sachs Group Inc. grew its holdings in Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. grew its holdings in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Finally, Amundi increased its position in shares of Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant's stock valued at $9,884,098,000 after acquiring an additional 7,267,277 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,911 shares of company stock worth $21,765,202 over the last three months. Corporate insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Wedbush raised their target price on Amazon.com from $250.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday. CIBC increased their price objective on Amazon.com to $315.00 in a report on Monday. Piper Sandler lifted their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald raised their price target on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating and forty-eight have given a Buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $268.69.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $221.09 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 33.70, a P/E/G ratio of 1.44 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $225.24 and a two-hundred day simple moving average of $213.61.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the firm earned $1.26 EPS. The company's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast 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.

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