Amazon.com, Inc. $AMZN Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,012,495 shares of the e-commerce giant’s stock after buying an additional 101,856 shares during the quarter. Amazon.com accounts for approximately 1.6% of Federated Hermes Inc.’s holdings, making the stock its 6th largest holding. Federated Hermes Inc.’s holdings in Amazon.com were worth $881,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barlow Wealth Partners Inc. grew its position 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 during the period. Probity Advisors Inc. lifted its stake in Amazon.com by 0.4% in the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after buying an additional 45 shares in the last quarter. Union Savings Bank lifted its stake in Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after buying an additional 45 shares in the last quarter. Doheny Asset Management CA boosted its holdings in Amazon.com by 0.3% in the 2nd quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock worth $3,910,000 after buying an additional 45 shares during the last quarter. Finally, IMPACTfolio LLC increased its stake in Amazon.com by 3.8% during the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after buying an additional 45 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $208.00, for a total transaction of $208,000.00. Following the completion of the transaction, the chief executive officer directly owned 504,934 shares in the company, valued at approximately $105,026,272. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 42,377 shares of company stock worth $9,236,277 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $201.15 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $229.59 and a 200 day moving average price of $228.48. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The stock has a market cap of $2.16 trillion, a P/E ratio of 28.05, a PEG ratio of 1.27 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). The firm had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the company earned $1.86 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. DA Davidson restated a “neutral” rating and issued a $175.00 target price (down previously from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. Guggenheim reissued a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, February 6th. Loop Capital raised their price objective on Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Cantor Fitzgerald set a $250.00 target price on shares of Amazon.com and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, BNP Paribas Exane started coverage on shares of Amazon.com in a research note on Monday, November 24th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $287.30.

View Our Latest Research Report on Amazon.com

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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