Howland Capital Management LLC Buys 3,235 Shares of Amazon.com, Inc. $AMZN

Howland Capital Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,027 shares of the e-commerce giant’s stock after acquiring an additional 3,235 shares during the period. Amazon.com accounts for about 3.0% of Howland Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Howland Capital Management LLC’s holdings in Amazon.com were worth $84,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AMZN. State Street Corp boosted its holdings in shares of Amazon.com by 5.5% in the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after buying an additional 21,398,025 shares during the period. Bank of America Corp DE purchased a new stake in shares of Amazon.com in the second quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in Amazon.com in the 2nd quarter worth about $16,341,405,000. Amundi increased its holdings in Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of Amazon.com during the 2nd quarter valued at about $12,831,376,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Evercore reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, October 30th. Truist Financial set a $390.00 price target on shares of Amazon.com in a research note on Friday, October 30th. JPMorgan Chase & Co. increased their price objective on Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Benchmark lifted their target price on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company lowered their price target on Amazon.com from $329.00 to $326.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 71,589 shares of company stock worth $18,545,595. Insiders own 8.90% of the company’s stock.

Amazon.com Stock Down 0.3%

Shares of Amazon.com stock opened at $259.30 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a 50-day simple moving average of $253.96 and a two-hundred day simple moving average of $243.57. The stock has a market capitalization of $2.80 trillion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The firm had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I’d Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

About Amazon.com

Amazon.com, Inc is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators.

Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.