KBC Group NV Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)


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KBC Group NV grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,520 shares of the e-commerce giant’s stock after purchasing an additional 26,075 shares during the quarter. Amazon.com makes up about 2.7% of KBC Group NV’s investment portfolio, making the stock its 3rd largest position. KBC Group NV’s holdings in Amazon.com were worth $673,024,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. OLD Mission Capital LLC bought a new position in shares of Amazon.com during the 3rd quarter valued at about $605,000. Sei Investments Co. boosted its holdings in Amazon.com by 3.6% during the 3rd quarter. Sei Investments Co. now owns 195,134 shares of the e-commerce giant’s stock valued at $613,982,000 after acquiring an additional 6,864 shares during the period. Park National Corp OH boosted its holdings in Amazon.com by 10.4% during the 4th quarter. Park National Corp OH now owns 3,764 shares of the e-commerce giant’s stock valued at $12,259,000 after acquiring an additional 356 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 250.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 700 shares of the e-commerce giant’s stock valued at $2,280,000 after acquiring an additional 500 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Amazon.com by 0.5% during the 4th quarter. Private Trust Co. NA now owns 4,576 shares of the e-commerce giant’s stock valued at $14,903,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 56.39% of the company’s stock.

Several equities research analysts recently weighed in on AMZN shares. Piper Sandler increased their target price on Amazon.com from $3,903.00 to $4,000.00 and gave the company an “overweight” rating in a report on Friday. Barclays reiterated a “buy” rating on shares of Amazon.com in a report on Monday. Mizuho increased their price objective on Amazon.com from $4,000.00 to $4,400.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets increased their price objective on Amazon.com from $4,200.00 to $4,300.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Evercore ISI increased their price objective on Amazon.com from $4,000.00 to $4,500.00 and gave the stock an “outperform” rating in a report on Friday. Two 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 a consensus price target of $4,094.67.

AMZN stock opened at $3,386.49 on Tuesday. The company has a market cap of $1.71 trillion, a P/E ratio of 99.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $2,256.38 and a 1 year high of $3,554.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 0.88. The stock’s fifty day moving average price is $3,249.06 and its 200-day moving average price is $3,200.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 28th. The e-commerce giant reported $15.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $9.54 by $6.25. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. As a group, analysts expect that Amazon.com, Inc. will post 34.59 earnings per share for the current year.

In related news, CEO David H. Clark sold 1,019 shares of Amazon.com stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total transaction of $3,319,779.72. Following the transaction, the chief executive officer now directly owns 1,452 shares in the company, valued at $4,730,441.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David H. Clark sold 278 shares of Amazon.com stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $3,506.80, for a total value of $974,890.40. Following the transaction, the chief executive officer now owns 1,174 shares in the company, valued at $4,116,983.20. The disclosure for this sale can be found here. Insiders have sold 1,637 shares of company stock worth $5,426,309 over the last quarter. 16.10% of the stock is owned by company insiders.

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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