Amazon.com, Inc. (AMZN) is Hartford Investment Management Co.’s 3rd Largest Position

Hartford Investment Management Co. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,752 shares of the e-commerce giant’s stock after selling 10,426 shares during the period. Amazon.com makes up 1.7% of Hartford Investment Management Co.’s investment portfolio, making the stock its 3rd largest holding. Hartford Investment Management Co.’s holdings in Amazon.com were worth $85,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WealthTrust Arizona LLC lifted its stake in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the period. OLD Second National Bank of Aurora lifted its stake in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after purchasing an additional 15 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com in the second quarter valued at about $116,000. Farmers & Merchants Investments Inc. lifted its stake in shares of Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares during the period. Finally, Lipe & Dalton acquired a new stake in shares of Amazon.com in the first quarter valued at about $124,000. Hedge funds and other institutional investors own 60.76% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.99% during midday trading on Friday, reaching $955.10. 2,774,777 shares of the company’s stock were exchanged. The company has a market capitalization of $458.81 billion, a PE ratio of 162.71 and a beta of 1.47. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm has a 50-day moving average of $973.80 and a 200-day moving average of $952.61.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($1.00). The firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. Equities analysts expect that Amazon.com, Inc. will post $3.68 earnings per share for the current fiscal year.

In related news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the sale, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian T. Olsavsky sold 2,334 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total value of $2,308,092.60. Following the completion of the sale, the insider now owns 1,748 shares of the company’s stock, valued at $1,728,597.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,793 shares of company stock valued at $9,574,377. Corporate insiders own 17.70% of the company’s stock.

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Several analysts recently commented on AMZN shares. Deutsche Bank AG reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, June 12th. Loop Capital reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 8th. Instinet reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research note on Thursday, June 1st. Finally, Nomura reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $1,101.25.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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