Hartline Investment Corp Reduces Holdings in Amazon.com, Inc. $AMZN

Hartline Investment Corp lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,886 shares of the e-commerce giant’s stock after selling 3,802 shares during the period. Amazon.com comprises 3.8% of Hartline Investment Corp’s portfolio, making the stock its 6th biggest holding. Hartline Investment Corp’s holdings in Amazon.com were worth $33,322,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Barlow Wealth Partners Inc. raised its stake in shares of Amazon.com by 0.4% in the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after purchasing an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC raised its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares in the last quarter. Bare Financial Services Inc lifted its holdings in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after acquiring an additional 48 shares during the period. Heritage Oak Wealth Advisors LLC boosted its position in shares of Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after acquiring an additional 48 shares in the last quarter. Finally, Cobblestone Asset Management LLC raised its position in Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after purchasing an additional 50 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Sanford C. Bernstein set a $300.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research note on Friday, October 31st. KeyCorp lifted their price objective on Amazon.com from $300.00 to $303.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Scotiabank upped their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $293.17.

Amazon.com Stock Up 0.6%

Shares of NASDAQ AMZN opened at $244.41 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The firm’s 50-day simple moving average is $227.39 and its 200 day simple moving average is $218.75. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.61 trillion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter last year, the company posted $1.43 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 128,084 shares of company stock worth $29,405,457. 9.70% of the stock is owned by company 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.