DJE Kapital AG Boosts Stock Position in Amazon.com, Inc. $AMZN

DJE Kapital AG lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,037,443 shares of the e-commerce giant’s stock after acquiring an additional 113,345 shares during the period. Amazon.com accounts for about 5.6% of DJE Kapital AG’s investment portfolio, making the stock its largest holding. DJE Kapital AG’s holdings in Amazon.com were worth $229,890,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wilson Asset Management International PTY Ltd. bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $11,102,000. ARK Investment Management LLC raised its stake in Amazon.com by 8.3% during the second quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after buying an additional 86,978 shares during the last quarter. Buckhead Capital Management LLC boosted its holdings in Amazon.com by 16.1% in the second quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after acquiring an additional 3,948 shares in the last quarter. Flaharty Asset Management LLC grew its stake in shares of Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd increased its holdings in shares of Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after acquiring an additional 63,924 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the completion of the transaction, the chief executive officer owned 505,934 shares in the company, valued at $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,234 shares of company stock worth $19,076,767. Company insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 target price (up previously from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. KeyCorp raised their price target on shares of Amazon.com from $300.00 to $303.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Robert W. Baird set a $285.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Wolfe Research increased their target price on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $296.11.

Amazon.com Price Performance

NASDAQ AMZN opened at $229.11 on Friday. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.60 and a beta of 1.37. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The business’s fifty day moving average price is $228.38 and its 200-day moving average price is $223.65.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. Amazon.com’s revenue was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.