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

Howland Capital Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 339,027 shares of the e-commerce giant’s stock after buying an additional 3,235 shares during the quarter. Amazon.com accounts for approximately 3.0% of Howland Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Howland Capital Management LLC’s holdings in Amazon.com were worth $84,469,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Culbertson A N & Co. Inc. lifted its holdings in shares of Amazon.com by 4.4% during the third quarter. Culbertson A N & Co. Inc. now owns 43,663 shares of the e-commerce giant’s stock worth $10,879,000 after purchasing an additional 1,838 shares during the period. Virtue Asset Management LLC grew its stake in Amazon.com by 1.8% in the third quarter. Virtue Asset Management LLC now owns 13,774 shares of the e-commerce giant’s stock worth $3,432,000 after purchasing an additional 245 shares during the period. Legacy Financial Group Inc. lifted its holdings in shares of Amazon.com by 1.6% during the 3rd quarter. Legacy Financial Group Inc. now owns 6,163 shares of the e-commerce giant’s stock valued at $1,536,000 after buying an additional 97 shares during the period. NBT Bank N.A. bought a new position in shares of Amazon.com in the third quarter worth about $23,594,000. Finally, Isthmus Partners LLC increased its position in shares of Amazon.com by 0.7% during the 3rd quarter. Isthmus Partners LLC now owns 6,067 shares of the e-commerce giant’s stock valued at $1,512,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas Herrington sold 6,362 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company’s stock in a transaction that occurred 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 owned 17,794 shares in the company, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock worth $18,545,595 in the last three months. 8.90% of the stock is owned by insiders.

Amazon.com Trading Down 0.3%

NASDAQ AMZN opened at $259.30 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.80 trillion, a P/E ratio of 33.74, a P/E/G ratio of 1.86 and a beta of 1.49. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm has a 50-day moving average price of $253.96 and a 200 day moving average price of $243.57.

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

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. Guggenheim restated a “buy” rating and issued a $320.00 target price on shares of Amazon.com in a report on Friday, October 30th. UBS Group reissued a “buy” rating and set a $348.00 target price (up from $318.00) on shares of Amazon.com in a research note on Monday, October 26th. Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a research report on Friday, October 30th. The Goldman Sachs Group restated a “conviction-buy” rating and set a $370.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Amazon.com in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Amazon.com News Summary

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

Amazon.com Profile

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.