Federated Hermes Inc. Has $474.64 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Federated Hermes Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,123,882 shares of the e-commerce giant’s stock after selling 44,158 shares during the period. Amazon.com makes up about 1.2% of Federated Hermes Inc.’s holdings, making the stock its 7th biggest position. Federated Hermes Inc.’s holdings in Amazon.com were worth $474,643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PayPay Securities Corp raised its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com during the 3rd quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jonathan Rubinstein sold 12,133 shares of Amazon.com stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the completion of the transaction, the director now directly owns 115,220 shares of the company’s stock, valued at approximately $19,702,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the transaction, the insider now owns 970,255,270 shares of the company’s stock, valued at $168,174,345,949.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 12,133 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $171.00, for a total value of $2,074,743.00. Following the completion of the sale, the director now owns 115,220 shares of the company’s stock, valued at $19,702,620. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,197,961 shares of company stock worth $4,482,244,357. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada boosted their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Wolfe Research increased their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Barclays upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $211.62.

Amazon.com Stock Up 0.0 %

NASDAQ AMZN opened at $188.76 on Wednesday. Amazon.com, Inc. has a 1-year low of $104.70 and a 1-year high of $189.94. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15. The stock’s 50 day moving average is $179.60 and its two-hundred day moving average is $161.63. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. Amazon.com’s revenue was up 12.5% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Amazon.com Company 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.