Hardman Johnston Global Advisors LLC Acquires 51,335 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hardman Johnston Global Advisors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,505 shares of the e-commerce giant’s stock after acquiring an additional 51,335 shares during the quarter. Amazon.com comprises 1.6% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 20th largest position. Hardman Johnston Global Advisors LLC’s holdings in Amazon.com were worth $39,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after acquiring an additional 11,391,479 shares during the last quarter. State Street Corp grew its position in Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC increased its stake in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in Amazon.com by 23,742.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after acquiring an additional 5,081,217 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.2 %

Shares of NASDAQ:AMZN opened at $205.71 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $218.36 and a two-hundred day simple moving average of $208.86. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMZN shares. Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Maxim Group increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Sanford C. Bernstein increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, Loop Capital boosted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.65.

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.