Amazon.com, Inc. (AMZN) is ING Groep NV’s 7th Largest Position

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.

COPYRIGHT VIOLATION WARNING: “Amazon.com, Inc. (AMZN) is ING Groep NV’s 7th Largest Position” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/12/08/amazon-com-inc-amzn-is-ing-groep-nvs-7th-largest-position.html.

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.

Read More: What is a Derivative?

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply