Howland Capital Management LLC Has $10.88 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Howland Capital Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,595 shares of the e-commerce giant’s stock after selling 520 shares during the period. Howland Capital Management LLC’s holdings in Amazon.com were worth $10,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the period. State Street Corp boosted its position in shares of Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC boosted its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Amazon.com by 2.9% during the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after buying an additional 4,842,542 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. Robert W. Baird upped their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price objective on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, April 10th. Piper Sandler upped their target price on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Maxim Group started coverage on Amazon.com in a report on Wednesday. They set a “buy” rating and a $218.00 target price on the stock. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average target price of $202.80.

Amazon.com Trading Down 1.1 %

Shares of NASDAQ:AMZN opened at $181.28 on Thursday. The company has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a P/E/G ratio of 1.60 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The business’s 50 day simple moving average is $177.09 and its 200 day simple moving average is $156.36.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. 12.70% of the stock is currently owned by corporate insiders.

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.