Amazon.com, Inc. $AMZN Stock Holdings Lifted by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 55.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,158 shares of the e-commerce giant’s stock after purchasing an additional 50,803 shares during the quarter. Amazon.com makes up approximately 1.6% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 18th biggest position. Hardman Johnston Global Advisors LLC’s holdings in Amazon.com were worth $32,813,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Amazon.com in the second quarter worth about $27,438,011,000. Nuveen LLC acquired a new stake in shares of Amazon.com in the first quarter worth about $11,674,091,000. Laurel Wealth Advisors LLC lifted its position in shares of Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after buying an additional 12,122,668 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Amazon.com by 11.3% in the third quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant’s stock worth $20,702,362,000 after buying an additional 9,583,217 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 3,849 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $260.00, for a total value of $1,000,740.00. Following the sale, the director directly owned 78,654 shares in the company, valued at approximately $20,450,040. This represents a 4.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total value of $2,187,624.07. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $8,461,661.70. This represents a 20.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 128,035 shares of company stock worth $28,827,479. Insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMZN shares. Oppenheimer boosted their price target on Amazon.com from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Benchmark reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, January 29th. Mizuho boosted their price target on Amazon.com from $315.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt reduced their price target on Amazon.com from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have assigned 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 $289.39.

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Amazon.com News Summary

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

Amazon.com Stock Down 0.5%

Shares of AMZN opened at $259.70 on Wednesday. Amazon.com, Inc. has a 12 month low of $178.85 and a 12 month high of $264.50. The stock has a market cap of $2.79 trillion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 1.95 and a beta of 1.38. The company has a 50-day moving average price of $221.26 and a two-hundred day moving average price of $226.83. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data 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). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Amazon.com Profile

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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.

See Also

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

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