Fort Washington Investment Advisors Inc. OH Has $491.55 Million Stock Holdings in Amazon.com, Inc. $AMZN

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,129,583 shares of the e-commerce giant’s stock after selling 2,410 shares during the period. Amazon.com accounts for approximately 2.6% 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 $491,550,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMZN. American Capital Advisory LLC boosted its holdings in Amazon.com by 63.9% during the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after buying an additional 3,152 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $451,642,000. DJE Kapital AG increased its stake in shares of Amazon.com by 12.3% in the 2nd quarter. DJE Kapital AG now owns 1,037,443 shares of the e-commerce giant’s stock valued at $229,890,000 after acquiring an additional 113,345 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its position in shares of Amazon.com by 1.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock valued at $52,667,000 after acquiring an additional 4,558 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in Amazon.com by 3.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,145,151 shares of the e-commerce giant’s stock worth $251,441,000 after acquiring an additional 42,707 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AMZN shares. New Street Research decreased their price objective on shares of Amazon.com from $285.00 to $280.00 and set a “buy” rating for the company in a report on Monday. Scotiabank reiterated an “outperform” rating and issued a $275.00 target price (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. Rosenblatt Securities reduced their price target on shares of Amazon.com from $305.00 to $296.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a report on Tuesday, March 17th. Finally, KeyCorp set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $286.59.

Insider Activity

In other news, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 10,649 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $8,461,661.70. The trade was a 20.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 71,686 shares of company stock worth $14,688,739. 9.70% of the stock is currently owned by insiders.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Reports that Amazon is in talks to acquire Globalstar for roughly $9 billion — a deal that would accelerate Project Kuiper and strengthen Amazon’s ability to compete with SpaceX’s Starlink — pushed momentum in related space stocks and supports a longer?term connectivity growth narrative. Read More.
• Positive Sentiment: Wells Fargo nudged its price target slightly higher to $305 and reiterated an overweight view, highlighting AWS acceleration and improving free?cash?flow prospects — a modest vote of confidence from the Street. Read More.
• Neutral Sentiment: Market commentary continues to emphasize AWS as the core long?term driver for AMZN (AI/cloud infrastructure exposure), keeping longer?term investor conviction intact even as the stock digests short?term noise. Read More.
• Negative Sentiment: Amazon told U.S. and Canadian third?party sellers it will add a 3.5% “fuel and logistics” surcharge to fulfillment fees starting April 17 to offset higher transportation costs driven by the Iran war — a move that could squeeze seller economics, trigger higher prices for consumers, and create seller pushback that weighs on GMV. Read More.
• Negative Sentiment: The NLRB ruled Amazon must negotiate with a union representing ~5,000 Staten Island warehouse workers — a reminder that labor and unionization risks could increase operating costs and create local disruptions. Read More.
• Negative Sentiment: Reports that an Iranian strike damaged an AWS data center in Bahrain add geopolitical and operational risk for Amazon’s cloud business; investors may demand clarity on outages, redundancy and potential costs. Read More.

Amazon.com Stock Down 0.4%

Amazon.com stock opened at $209.77 on Friday. The company has a 50 day moving average of $214.29 and a 200-day moving average of $224.53. 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, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The stock has a market capitalization of $2.25 trillion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Profile

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.