Amazon.com, Inc. (NASDAQ:AMZN) is Federated Hermes Inc.'s 3rd Largest Position

Federated Hermes Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,348,721 shares of the e-commerce giant's stock after buying an additional 68,171 shares during the quarter. Amazon.com accounts for approximately 1.6% of Federated Hermes Inc.'s holdings, making the stock its 3rd largest holding. Federated Hermes Inc.'s holdings in Amazon.com were worth $734,676,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. State Street Corp boosted its holdings in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC increased its holdings in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Norges Bank bought a new stake in Amazon.com during the fourth quarter worth $27,266,582,000. Finally, Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the period. 72.20% 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. Citizens Jmp reduced their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Truist Financial cut their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, April 10th. BNP Paribas raised shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Rosenblatt Securities increased their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, UBS Group reiterated a "buy" rating on shares of Amazon.com in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated 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 transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock valued at $23,818,478 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 2.0 %

AMZN stock traded up $3.70 during mid-day trading on Wednesday, reaching $188.71. The company's stock had a trading volume of 43,929,015 shares, compared to its average volume of 41,656,015. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. 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 business's 50 day moving average price is $189.45 and its 200 day moving average price is $207.88. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.