Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the first quarter, HoldingsChannel.com reports. The firm owned 2,088,172 shares of the e-commerce giant’s stock after selling 4,304 shares during the period. Amazon.com makes up about 2.4% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 6th biggest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Amazon.com were worth $397,296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Bellecapital International Ltd. increased its position in shares of Amazon.com by 9.3% in the 1st quarter. Bellecapital International Ltd. now owns 60,491 shares of the e-commerce giant’s stock worth $11,509,000 after purchasing an additional 5,161 shares during the last quarter. Mogy Joel R Investment Counsel Inc. grew its stake in Amazon.com by 0.7% in the first quarter. Mogy Joel R Investment Counsel Inc. now owns 347,778 shares of the e-commerce giant’s stock worth $66,168,000 after purchasing an additional 2,298 shares in the last quarter. Sterling Financial Group Inc. grew its stake in Amazon.com by 27.6% in the first quarter. Sterling Financial Group Inc. now owns 9,919 shares of the e-commerce giant’s stock worth $1,887,000 after purchasing an additional 2,146 shares in the last quarter. Accordant Advisory Group Inc increased its holdings in Amazon.com by 256.8% in the first quarter. Accordant Advisory Group Inc now owns 446 shares of the e-commerce giant’s stock valued at $85,000 after buying an additional 321 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its stake in Amazon.com by 2.6% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 610,329 shares of the e-commerce giant’s stock valued at $116,121,000 after buying an additional 15,262 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 2.8%

NASDAQ:AMZN opened at $223.30 on Friday. The stock has a fifty day simple moving average of $202.26 and a 200 day simple moving average of $209.01. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Truist Financial reduced their target price on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Tigress Financial upped their price target on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Stifel Nicolaus reduced their price objective on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, June 2nd. Finally, Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.81.

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.