Stonehage Fleming Financial Services Holdings Ltd Has $249.78 Million Position in Amazon.com, Inc. $AMZN

Stonehage Fleming Financial Services Holdings Ltd reduced its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 20.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,137,601 shares of the e-commerce giant’s stock after selling 298,041 shares during the period. Amazon.com accounts for approximately 7.1% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 4th largest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Amazon.com were worth $249,783,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC raised its stake in shares of Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new position in Amazon.com during the 3rd quarter valued at about $27,000. Cooksen Wealth LLC grew its holdings in Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares in the last quarter. PayPay Securities Corp increased its position in shares of Amazon.com by 62.3% during the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after buying an additional 96 shares during the period. Finally, Access Investment Management LLC purchased a new stake in shares of Amazon.com in the second quarter worth about $74,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. Rothschild & Co Redburn set a $230.00 price objective on shares of Amazon.com in a research note on Wednesday, January 21st. Barclays restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 6th. Citizens Jmp upped their price target on shares of Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Monness Crespi & Hardt dropped their price objective on Amazon.com from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Cantor Fitzgerald set a $250.00 target price on Amazon.com and gave the stock an “overweight” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $287.30.

Check Out Our Latest Analysis on AMZN

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the transaction, the chief executive officer owned 6,273 shares in the company, valued at $1,360,613.70. This represents a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,377 shares of company stock worth $9,236,277 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $201.15 on Wednesday. The stock’s 50-day moving average is $229.59 and its 200 day moving average is $228.48. The stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.27 and a beta of 1.37. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

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

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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.

Further Reading

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

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