Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,123,882 shares of the e-commerce giant's stock after selling 44,158 shares during the quarter. Amazon.com makes up about 1.2% of Federated Hermes Inc.'s holdings, making the stock its 7th largest position. Federated Hermes Inc.'s holdings in Amazon.com were worth $474,643,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant's stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the period. Northern Trust Corp boosted its stake in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant's stock valued at $11,736,905,000 after buying an additional 3,260,411 shares during the period. Jennison Associates LLC boosted its stake in Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant's stock valued at $6,989,254,000 after buying an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Amazon.com by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant's stock valued at $6,406,216,000 after buying an additional 1,374,052 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now directly owns 4,760 shares of the company's stock, valued at $886,407.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now directly owns 4,760 shares of the company's stock, valued at $886,407.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 14,300 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the sale, the chief executive officer now directly owns 499,831 shares in the company, valued at $87,470,425. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,198,961 shares of company stock worth $4,482,430,577. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded down $0.76 on Wednesday, reaching $188.00. The stock had a trading volume of 25,775,471 shares, compared to its average volume of 43,832,520. The stock has a market cap of $1.96 trillion, a P/E ratio of 52.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a 50 day simple moving average of $179.60 and a 200 day simple moving average of $161.63. Amazon.com, Inc. has a 1 year low of $105.16 and a 1 year high of $189.94.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Bank of America lifted their price objective on Amazon.com from $185.00 to $204.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. BMO Capital Markets upped their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Finally, Roth Mkm restated a "buy" rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $211.62.

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.