Fort Washington Investment Advisors Inc. OH Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,190,424 shares of the e-commerce giant’s stock after selling 144,242 shares during the quarter. Amazon.com makes up 2.1% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 7th biggest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Amazon.com were worth $247,518,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMZN. Savior LLC boosted its stake in shares of Amazon.com by 1,085.0% during the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC lifted its stake in shares of Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 223 shares during the period. Iron Horse Wealth Management LLC lifted its stake in shares of Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 227 shares during the period. Wells Financial Advisors INC lifted its stake in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after acquiring an additional 266 shares during the period. Finally, Maryland Capital Advisors Inc. lifted its stake in shares of Amazon.com by 1,900.0% in the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 285 shares during the period. 57.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Jefferies Financial Group cut their price objective on Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Credit Suisse Group dropped their price target on Amazon.com from $159.00 to $142.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. JPMorgan Chase & Co. dropped their price target on Amazon.com from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, December 16th. Piper Sandler dropped their price target on Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $145.87.

Amazon.com Stock Performance

Shares of AMZN opened at $93.68 on Friday. The stock’s 50-day simple moving average is $90.79 and its 200 day simple moving average is $110.37. The stock has a market capitalization of $955.69 billion, a price-to-earnings ratio of 85.98, a price-to-earnings-growth ratio of 3.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. Research analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 345 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the transaction, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the transaction, the chief executive officer now owns 533,435 shares in the company, valued at $50,142,890. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,428 shares of company stock valued at $5,077,578. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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