Fort Washington Investment Advisors Inc. OH Has $444.71 Million Stock Holdings in Amazon.com, Inc. $AMZN

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,135,259 shares of the e-commerce giant’s stock after acquiring an additional 5,676 shares during the period. Amazon.com accounts for about 2.5% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 7th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in Amazon.com were worth $444,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter worth about $32,868,735,000. Auto Owners Insurance Co increased its position in Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after buying an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP increased its position in Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after buying an additional 87,557,736 shares in the last quarter. Nuveen LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $11,674,091,000. Finally, Cardano Risk Management B.V. raised its stake in Amazon.com by 879.4% during the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after buying an additional 25,017,588 shares during the period. 72.20% of the stock is owned by institutional investors.

Key Amazon.com News

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

• Positive Sentiment: Amazon said its Leo satellite network has enough satellites to begin initial broadband service this year, opening a new growth opportunity in satellite internet. Reuters: Amazon to start initial Leo internet service this year as network nears 400 satellites
• Positive Sentiment: Amazon is expanding its AI strategy with custom device chips and broader AWS AI capabilities, which could support future margins and growth. CNBC: Amazon is designing its own AI chips for Echo, Fire TV and future devices
• Positive Sentiment: Prime Day-related reports pointed to strong online shopping demand, reinforcing confidence in Amazon’s retail momentum heading into earnings. Yahoo Finance/Reuters: Online Spending Rises 5.3% on First Day of Amazon’s Prime Day

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $242.67 on Friday. The business’s fifty day simple moving average is $254.57 and its 200 day simple moving average is $234.57. The firm has a market capitalization of $2.61 trillion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 7.75 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total transaction of $239,770.00. Following the completion of the sale, the chief executive officer owned 484,527 shares in the company, valued at approximately $116,175,038.79. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $31,427,876.40. This represents a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 195,774 shares of company stock worth $51,643,704. 8.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $313.00 target price (up from $312.00) on shares of Amazon.com in a research report on Thursday. Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 target price on shares of Amazon.com in a report on Friday, April 10th. Finally, Bank of America lifted their price target on shares of Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $312.79.

About Amazon.com

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.