ING Groep NV lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 38.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,919 shares of the e-commerce giant’s stock after selling 59,865 shares during the period. Amazon.com comprises 3.1% of ING Groep NV’s holdings, making the stock its 7th biggest holding. ING Groep NV’s holdings in Amazon.com were worth $159,644,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AMZN. Summit Trail Advisors LLC grew its holdings in shares of Amazon.com by 180,406.1% during the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after purchasing an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Amazon.com by 198,956.6% during the second quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after purchasing an additional 3,338,491 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Amazon.com by 799.2% during the second quarter. Sei Investments Co. now owns 282,661 shares of the e-commerce giant’s stock worth $480,471,000 after purchasing an additional 251,227 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Amazon.com by 52.4% during the second quarter. Canada Pension Plan Investment Board now owns 566,822 shares of the e-commerce giant’s stock worth $963,484,000 after purchasing an additional 194,992 shares during the last quarter. Finally, Natixis grew its holdings in shares of Amazon.com by 296.9% during the first quarter. Natixis now owns 198,729 shares of the e-commerce giant’s stock worth $287,629,000 after purchasing an additional 148,654 shares during the last quarter. Hedge funds and other institutional investors own 55.64% of the company’s stock.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $19,817,200. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the completion of the transaction, the chief executive officer now directly owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,842 shares of company stock worth $42,513,241. Insiders own 16.30% of the company’s stock.
Shares of AMZN opened at $1,629.13 on Friday. Amazon.com, Inc. has a 52-week low of $1,157.00 and a 52-week high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $815.80 billion, a price-to-earnings ratio of 358.05, a price-to-earnings-growth ratio of 3.17 and a beta of 1.70.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The firm had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Equities analysts predict that Amazon.com, Inc. will post 19.49 earnings per share for the current year.
Several research firms have recently weighed in on AMZN. Zacks Investment Research restated a “buy” rating and set a $1,714.00 price target on shares of Amazon.com in a report on Monday, November 12th. Barclays restated a “buy” rating on shares of Amazon.com in a report on Wednesday, November 21st. Wells Fargo & Co restated a “buy” rating and set a $2,100.00 price target on shares of Amazon.com in a report on Monday, December 3rd. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Nomura restated a “buy” rating on shares of Amazon.com in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. Amazon.com has an average rating of “Buy” and an average price target of $2,096.01.
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Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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