Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,140,083 shares of the e-commerce giant’s stock after selling 15,576 shares during the quarter. Amazon.com comprises about 2.0% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 7th biggest position. Fort Washington Investment Advisors Inc. OH’s holdings in Amazon.com were worth $278,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Kavar Capital Partners Group LLC raised its holdings in Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd lifted its position in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares in the last quarter. Markel Corp lifted its position in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC lifted its position in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares in the last quarter. 57.96% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on AMZN shares. JMP Securities reissued a “market outperform” rating and set a $175.00 price target on shares of Amazon.com in a research report on Monday, October 16th. Redburn Partners upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Tigress Financial upped their price target on shares of Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Piper Sandler upped their price target on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Finally, Argus reissued a “buy” rating and issued a $165.00 price objective on shares of Amazon.com in a report on Wednesday, September 27th. Two analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.00.
Amazon.com Price Performance
AMZN stock opened at $133.09 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $145.86. The stock has a market cap of $1.37 trillion, a PE ratio of 68.96, a P/E/G ratio of 1.94 and a beta of 1.24. The firm has a 50 day simple moving average of $132.24 and a two-hundred day simple moving average of $126.15.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The business had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. On average, analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $130.53, for a total value of $65,265.00. Following the completion of the transaction, the chief executive officer now owns 104,520 shares of the company’s stock, valued at approximately $13,642,995.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now directly owns 64,380 shares in the company, valued at approximately $9,343,469.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $130.53, for a total transaction of $65,265.00. Following the completion of the sale, the chief executive officer now owns 104,520 shares of the company’s stock, valued at $13,642,995.60. The disclosure for this sale can be found here. Insiders sold a total of 1,404,645 shares of company stock valued at $54,674,088 in the last quarter. Corporate insiders own 12.70% of the company’s stock.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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