Hardman Johnston Global Advisors LLC Has $23.88 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hardman Johnston Global Advisors LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 128,170 shares of the e-commerce giant’s stock after selling 51,640 shares during the period. Amazon.com makes up about 0.9% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 28th biggest holding. Hardman Johnston Global Advisors LLC’s holdings in Amazon.com were worth $23,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Capital Market Strategies LLC boosted its stake in shares of Amazon.com by 14.4% in the 2nd quarter. Capital Market Strategies LLC now owns 9,150 shares of the e-commerce giant’s stock valued at $1,768,000 after purchasing an additional 1,149 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its position in Amazon.com by 2.8% in the second quarter. Neville Rodie & Shaw Inc. now owns 102,610 shares of the e-commerce giant’s stock valued at $19,830,000 after buying an additional 2,840 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in shares of Amazon.com by 3.2% during the second quarter. Transcend Capital Advisors LLC now owns 111,019 shares of the e-commerce giant’s stock worth $21,454,000 after buying an additional 3,462 shares during the last quarter. Park Place Capital Corp increased its holdings in shares of Amazon.com by 6.7% during the second quarter. Park Place Capital Corp now owns 21,190 shares of the e-commerce giant’s stock worth $4,095,000 after buying an additional 1,333 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Amazon.com by 50.1% in the 2nd quarter. GAMMA Investing LLC now owns 99,974 shares of the e-commerce giant’s stock valued at $19,320,000 after acquiring an additional 33,384 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 0.7 %

Shares of Amazon.com stock opened at $227.46 on Friday. The stock has a market capitalization of $2.39 trillion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $231.20. The stock has a 50 day moving average price of $201.65 and a two-hundred day moving average price of $189.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 over the last three months. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMZN. Morgan Stanley upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Bank of America upped their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Roth Mkm upped their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $238.87.

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.